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Canadian Core Inflation Accelerates—Sends Caution Against Upsizing
Upsizing on the back of this data would be a policy misstep in my view. That’s because Canadian core inflation picked up again in August over July by contrast to headlines that shouted with glee that the year-over-year headline CPI inflation rate has fallen back to 2%. The BoC targets headline inflation of 2% over the medium-term but uses its core gauges in higher frequency fashion to operationalize the likely, durable achievement of this mandate. It’s unclear that underlying inflation has cooled fast enough to durably hit 2% headline inflation. Pre-judging this by accelerating easing is among the risks that ... (full story)
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- Sep 17, 2024 2:56pm Sep 17, 2024 2:56pm
- gzforex20
- | Joined Feb 2013 | Status: Trader | 112 Comments
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- Posted: Sep 17, 2024 2:24pm
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 3,559
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