BoC Govenor Macklem says bigger concern is rising medium and long-term inflation expectations; expecting a large March CPI figure, but still below 3%
Every headline is on the live feed 20 minutes before this site.
The US is considering releasing USD 6bln in frozen Iranian assets as part of a first phase in a potential deal to end the war with Iran if certain conditions are met, via NY Post citing sources, with the potential to release up to USD 20bln
Strait of Hormuz remains effectively closed, according to WSJ citing Kpler, despite Iran's announcement.
BoC Govenor Macklem says bigger concern is rising medium and long-term inflation expectations; expecting a large March CPI figure, but still below 3%
Fed's Waller says if war creates high inflation and weak labour market, could call for holding rates steady
Regarding three-page memorandum of understanding for lasting US-Iran peace deal, NYT says it defines a 60 day period for negotiations to continue and reach a deal, according to sources
On the Newsquawk feed at , 20 minutes before this page.
Context
Governor Macklem's comments indicate a notable concern for rising medium to long-term inflation expectations, which could signal a shift in the Bank of Canada's future policy stance. While he anticipates a large CPI figure for March, maintaining a forecast below 3% suggests that immediate inflation pressures might be manageable, potentially assuaging market fears and impacting CAD and fixed income movements.
Related headlines
- Newsquawk Daily US Opening News - 16th October 20262 days ago
- TREASURY WRAP: T-NOTE FUTURES (Z6) SETTLE 2+ TICKS LOWER AT 105-14+1 day ago
- Week in Focus 19-23rd October 2026: Highlights include UK, Japan and Canada inflation, China Activity Data and Global Flash PMIs 1 day ago
- US FX WRAP: Dollar weighed by Warsh avoiding forward guidance 1 day ago
- Newsquawk Daily Economic Releases - 19th October 20261 day ago
- [MARKET ANALYSIS] Fixed income muted as focus turns to the US Treasury primary dealer questionnaire2 days ago
- ECB's Wunsch says further tightening would be reasonable given persistent inflation pressures and the resilient EZ economy2 days ago
- BoJ Governor Ueda says underlying inflation is approaching 2% and the BoJ will continue to raise policy rate in accordance with economic, price and financial developments2 days ago
- European HICP Final (Sep MM) 0.6% vs. Exp. 0.6% (Prev. 0.4%)2 days ago
- European HICP Final (Sep YY) 3.8% vs. Exp. 3.8% (Prev. 3.2%)2 days ago
- European Core HICP Final (Sep YY) 2.5% vs. Exp. 2.5% (Prev. 2.4%)2 days ago
- Italian CPI Final (Sep YY) 4.2% vs. Exp. 4.2% (Prev. 3.3%)2 days ago
- Italian CPI Final (Sep MM) 0.7% vs. Exp. 0.7% (Prev. 0.5%)2 days ago
- Italian HICP Final (Sep YY) 4.2% vs. Exp. 4.1% (Prev. 3.2%)2 days ago
- Italian HICP Final (Sep MM) 2.1% vs. Exp. 2% (Prev. 0.1%)2 days ago
- Austrian HICP Final (Sep YY) 3.6% vs. Exp. 3.5% (Prev. 2.9%)2 days ago
- US EQUITY OPEN: Stocks mixed at the open as AI stock rout continues1 day ago
- SNB's Tschudin says Swiss inflation is slightly higher than it was in June1 day ago
- RBNZ Chief Economist Conway says there is reasonable confidence that inflation has not become broad-based and that rate hikes help contain spillovers from an energy shock2 days ago
- US Market Wrap: Stocks hit as AI growth concerns weigh on sentiment 1 day ago
The feed had this first.
Use the Platform