inflation, CPI and June
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Rising prices across an array of goods from coffee to audio equipment to home furnishings pulled inflation higher.
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.
1don MSN
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.
Treasury yields were mixed and little changed from Friday, as markets brace for an uptick in inflation tomorrow.
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
US stocks hold steady as traders downplay tariff threats and await key earnings and CPI data, with tech and energy sectors showing early weakness.
A busy week ahead for investors will see inflation data, the debate about the Fed's next move, and the start of second quarter earnings season all come into focus after a flurry of trade activity last week.