inflation, CPI and June
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Asian News International on MSNRBI may go for another 25 bps rate cut in August, repo rate to come down at 5.25%: ReportThe Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) may go for another cut in the policy rate of 25 basis points (bps) in the upcoming August policy meeting, bringing it down to 5.25 per cent,
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.
June’s inflation report will be looked at not so much for what the headline numbers show than what’s in the underlying data.
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