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
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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.
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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
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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,
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