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

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

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&