Weekly Update
What happened last week? Inflation news dominated economic news again. The Canada’s Consumer Price Index (CPI) and the U.S. Personal Consumption Expenditures price index (PCE) were released last week. Creating price stability is a mandated goal of both the Bank of Canada and the Federal Reserve. Once inflation is predictable and approaching central banks’ goal levels, interest rates could be reduced; as long as other indicators like jobs and Gross Domestic Product also cooperate. On Tuesday, StatsCan reported that Canadian
Weekly Update 6/17/2024
Last Week in the Markets: June 10th – 14th, 2024 What happened last week? Since March 24th, the S&P 500 has risen 2.4%, NASDAQ has jumped 6%, while the Dow’s 30 large corporates have fallen 3.5%. Last week’s path for equities mirrored that past month, and these results relied on two important announcements that arrived on Wednesday. At 8:30 am Eastern time the U.S. Bureau of Labour Statistics reported that the Consumer Price Index (CPI) was unchanged for the month
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