Typical Canadians think inflation is dramatically higher than it is. That's a problem when you're a central bank trying to convince people you're bringing inflation back to 2%.
The bank's latest data also reveal that both consumers and businesses expect inflation to remain almost double the target two years from
The Fed's go-to inflation indicator has exceeded expectations again.
The so-called "core PCE deflator," which excludes food and energy, landed 0.1% above consensus, rising 0.4% m/m and 4.7% y/y in April. That's up from 0.3% m/m and 4.6% y/y in March.
Central bankers won't be loving Friday's employment numbers.
Canada created an overspicy 41,000 jobs in April, doubling up the consensus forecast (which is wrong 4 out of 5 times, by the way, reports Scotiabank). Immigration-fuelled population growth distorts employment gains, so potent job creation isn't as inflationary as one
Avid rate-watchers monitor interest rate spreads all the time. Among other things, spreads help project the likelihood of a recession and the path for interest rates.
A spread, or "term spread," simply refers to the difference in yield between two maturities. For example, the most-quoted term spread is the 10-year-minus-2-year,
You've successfully subscribed to MortgageLogic.news
Great! Next, complete checkout for full access to MortgageLogic.news
Welcome back! You've successfully signed in.
Unable to sign you in. Please try again.
Success! Your account is fully activated, you now have access to all content.
Error! Stripe checkout failed.
Success! Your billing info is updated.
Error! Billing info update failed.