Today it is inflation south of the border that will be in the spotlight
‘s June 5 interest rate call is looming ever closer, presenting the tantalizing possibility of a first interest rate cut in just over four years. But there are still hurdles to clear before the central bank can pull the trigger, one Big Six bank economist is arguing.left markets second-guessing the wisdom of calls for a June rate trim, many Bay Street number crunchers turned their attention to Canada ’s May 21 consumer price index report, describing it as key to the next rate decision.
Three per cent is the top end of the Bank of Canada’s target range for inflation. The bottom is one per cent.Bank of Montreal expects overall inflation to come in at 0.4 per cent month over month, matching last month’s results and that core inflation, which excludes food and energy, will rise 0.3 per cent in April from March.Economist Claire Fan at Royal Bank of Canada expects to see some slowing in U.S. inflation calling for year-over-year core price growth to decelerate to 3.6 per cent from 3.
“We have seemingly become inured to higher readings,” the Toronto-based economist said. “Suffice it to say that in such an environment of still-meaty U.S. inflation, BoC hesitancy is perfectly understandable.” If the Bank of Canada does decide to make a first cut in June, “at least won’t be on its own,” he said.
Nick Akerman, Former Assistant US Attorney and Former Watergate Prosecutor, shares his insight on if the appearance of Speaker Mike Johnson, Governor Doug Burgum, and other Republicans attending former President Trump's court hearing calls for a judge to remove them due to potentially intimidating to a witness. Akerman also talks about Michael Cohen's second day of testimony, and states that at this point the case is pretty much over.
Bank Of Canada Douglas Porter Interest Rate Canada Chief Economist Claire Fan
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