Daily digest market movers: US CPI dominates headlines as price pressures cool... dari ia7145

16 Aug 2024, 18:12 · Views 48

Canadian Dollar traded down against the Greenback, but stuck within one-tenth of one percent.
US CPI inflation figures cooled in-line with median market forecasts.
However, investors had set themselves up for further declines after this week’s tumble in US PPI inflation figures.
US CPI inflation broadly printed as markets expected, with core CPI inflation ticking down to 3.2% YoY from the previous 3.3%.
Both headline and core CPI ticked up to 0.2% MoM, also as-expected.
Annualized CPI also shifted lower to 2.9% in July, below the forecasted hold at 3.0%.

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