Preview: Bank of Canada Expected to Keep Policy Rate at 5%, Keep Close Watch on Underlying Inflation, Economic Growth
–Governing Council Focus Remains on Inflation Expectations, Wage Growth, Corporate Pricing–Governor Macklem Wants to See Clear Downward Momentum in Underlying Inflation By Max Sato (MaceNews) – The Bank of Canada is widely expected to maintain its policy interest rate — the target for overnight lending rates — at 5.0% on Wednesday for a fifth straight […]
ISM: US Services Sector Expands for 14th Straight Month in February but Main Index Dips on Mixed Employment Picture, Supplier Deliveries
–ISM Services Index at 52.6 Vs. 53.4 in December, Just Above 12-Month Average of 52.4 –ISM’s Nieves: Employment Index Slips but Some Firms Still Trying to Fill Positions –Nieves: Inflation Views Vary; Prices Paid Index Lower but Has Been in Growth Territory for Nearly 7 Years By Max Sato (MaceNews) – Business activity in the […]