BoC Governor Macklem says inflation should peak in early April of 2027, then ease to 2% throughtout the year. Will not allow energy prices to remain high for long
BoC Governor Macklem's comments suggest a clear commitment to managing inflation, indicating a belief that it will peak in early 2027 before trending back down to the target of 2%.
US FX WRAP: Dollar gains in Middle East driven trade
US President Trump says Iran detour is working out nicely and sees oil prices going down rapidly once the war is over
BoC Governor Macklem says inflation should peak in early April of 2027, then ease to 2% throughtout the year. Will not allow energy prices to remain high for long
US and Israel holding talks on how to respond and assist UAE; sources suggest likely options include strikes against launchers and military targets threatening the strait, or an attack on an Iranian energy facility in response to Fujairah; via Hayom
EU's Dombrovskis says taxing windfall energy profits is a possibility that member states can use, but not foreseeing recommending EU initiative
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The emphasis on not allowing high energy prices to persist signals potential interventions, likely aimed at influencing market expectations regarding future rate paths and supporting the CAD in both fixed income and currency markets.
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