inflation, CPI and June
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Inflation moved up in June, due partially to businesses passing tariff costs onto consumers. Despite the uptick, President Trump is on the warpath for the Federal Reserve to cut interest rates, a
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US wholesale inflation was muted in June, presenting what would seem to be a better-than-expected outcome amid President Donald Trump’s hefty tariffs on global trading partners. However, a steep drop-off in travel and other services camouflaged an increase in the cost of goods.
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 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 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