MNI BRIEF: Fed Risks Soft Landing If It Doesn’t Cut - Goolsbee

MNI BRIEF: EU Parliament Backs Von Der Leyen For 2nd Term

MNI: ECB LEAVES KEY DEPOSIT RATE UNCHANGED AT 3.75%

MNI China Daily Summary: Thursday, July 18

MNI BRIEF: China To Upgrade Rural Land Reform: 3rd Plenum

MNI BRIEF: China's Third Plenum Eye's Deeper Financial Reform

MNI: FED BALANCE SHEET TOTAL ASSETS -$16B TO $7.208T IN WEEK

MNI: US TSY TICS NET FLOWS IN MAY +$15.8B

US Treasury Auction Calendar

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI GLOBAL WEEK AHEAD - Canada, UK and Japan CPI Headline

The week ahead is headlined by Canada, UK and Japan CPI.

Developed Markets

TUESDAY: Canada CPI

Straight after market closures for Victoria Day on Monday, CPI inflation will be watched closely ahead of the June 5 BoC decision. The strength of jobs growth in April, despite being met by another surge in labour supply, has seen market pricing shift to roughly 50/50 odds of a rate cut in June. The Bank said after its April meeting that it’s seeing the sort of readings it needs to see to start cutting interest rates, but it just needs to see it for longer. Core metrics then surprised even lower in the March report released the week after, with the trim and median measures averaging just 1.3% annualized over three months and 2.3% over six months. We wouldn’t be surprised to see a sizeable increase in June cut probabilities if we see monthly print consistent with the 2% inflation target although Q1 GDP awaits on May 31.

Keep reading...Show less
1844 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Developed Markets

TUESDAY: Canada CPI

Straight after market closures for Victoria Day on Monday, CPI inflation will be watched closely ahead of the June 5 BoC decision. The strength of jobs growth in April, despite being met by another surge in labour supply, has seen market pricing shift to roughly 50/50 odds of a rate cut in June. The Bank said after its April meeting that it’s seeing the sort of readings it needs to see to start cutting interest rates, but it just needs to see it for longer. Core metrics then surprised even lower in the March report released the week after, with the trim and median measures averaging just 1.3% annualized over three months and 2.3% over six months. We wouldn’t be surprised to see a sizeable increase in June cut probabilities if we see monthly print consistent with the 2% inflation target although Q1 GDP awaits on May 31.

Keep reading...Show less