Explore stories from Atlantic Canada.
Wall Street looks set for a sleepy but positive start to a shortened week after Monday's Memorial Day break, with the consumer back in focus in May updates later today.
This leaves the Fed with an ongoing conundrum as to whether its restrictive monetary policy has been enough to drag inflation durably back to its 2% target as economic growth keeps humming. Annual core PCE inflation is expected to have held at 2.8% in April - even if monthly price gains eased a touch to below 0.3%.
Another hawk, Fed board governor Michelle Bowman, even said she would have supported either waiting to start slowing the run-off in the U.S. central bank's balance sheet or a more moderate tapering process than announced earlier this month. Although U.S. retail gasoline prices have retreated this month, they remain up about 15% for the year to date.The euro nudged higher despite money markets seeing almost a 90% chance the European Central Bank will start its rate cutting cycle as soon as next week - even if more buoyant economic soundings and wage numbers of late have scaled back full-year easing expectations a touch there too.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Morning Bid: Inflation expectationsExplore stories from Atlantic Canada.
Read more »
Morning Bid: Checking pulse of China profits, eyeing yen actionExplore stories from Atlantic Canada.
Read more »
Morning Bid: Rates frustration spoils markets' Friday moodThe cheer from Wall Street darling Nvidia's strong results didn't last long as fears that interest rates would stay higher for longer once again dampened the...
Read more »
Morning bid: Nvidia aces Fed, tense Taiwan and UK pollYet another quarterly earnings beat from AI-chip behemoth Nvidia catapulted Wall St stock futures higher again on Thursday - batting away hawkish Federal...
Read more »
Morning Bid: PMIs to lead as central banks wait on ratesFlash Purchasing Managers Index (PMI) figures in the euro zone, the UK and the United States take centre stage on Thursday, and investors will be on the...
Read more »
Morning Bid: Bank of Korea next up, Nvidia keeps on rollin'Asian markets could be delicately poised at the open on Thursday, with growing worries over how soon U.S. and global interest rates will come down offset by ...
Read more »