inflation, CPI and June
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A new inflation report released this morning shows the country’s 12-month inflation rate has gone up for a second consecutive month. Economists have been warning about the impact of President Trump’s tariff threats.
Rising prices across an array of goods from coffee to audio equipment to home furnishings pulled inflation higher in June in what economists see as evidence of the Trump administration's increasing import taxes passing through to consumers.
June inflation slowed, the core rate below forecasts. Stocks and bonds saw modest rallies. Click here for a full breakdown of the June report.
The markets were braced for a rebound in June inflation in Canada and the US and that's exactly what happened today in both countries, as CPI and cor
Despite the widespread expectation for a higher CPI reading, a surprise to the downside remains a possibility. - The market still believes the Fed will eventually need to ease monetary policy.
The GBP/USD exchange rate dropped to a low of 1.3490, its lowest level since June 23. What next for the British pound?
The Canadian dollar was largely flat against its U.S. counterpart on Monday as recent domestic jobs data offset trade uncertainty and investors awaited an inflation report seen as key to the Bank of Canada's upcoming interest rate decision.
The rate at which prices are rising is a key indicator for the future direction of interest rates.