<strong>Retail Sales and Inflation Numbers Dominate The Headlines</strong>

Coming off of a mixed day for US markets where the Dow fell 1.1% and the NASDAQ finished up 0.2%, US index futures are up 0.1%-0.3% this morning. Overseas, the Nikkei popped 2.5% while the Hang Seng gained 0.5%. The

<strong>Improved US Inflation Numbers Met With Market Choppiness</strong>

The US Consumer Price Index came in at 6.5%, in-line with street expectations and down from 7.1% last month, while core CPI, excluding food and energy also met expectations (5.7% in-line, vs previous 6.0%). Meanwhile, US weekly jobless claims beat

Stocks Soar, US Dollar Drops as Inflation Pressures Ease

US index futures have gone into rally mode after today’s US Consumer Price Index report indicated easing inflation pressures. Both headline CPI (7.7% vs street 8.0% and previous 8.2%) and core CPI (6.3% vs street 6.5% and previous 6.6%) declined

Stocks Drop as Inflation Comes In Worse Than Expected

US indices have dropped off a cliff this morning after the US Consumer Price Index came in higher than expected (8.2% vs street 8.1%), which keeps pressure on the Fed to continue raising interest rates. Prior to the announcement, US

Bank of Canada
Consumer Prices and Central Banks In the Spotlight Today

US index futures had been trying to mount a comeback this morning, but the bottom has fallen out and gains have quickly turned into losses following the release of a red-hot US consumer price inflation report. US inflation continued to

High Inflation Sends Stocks Into Free Fall

Investors had already been on tenterhooks about stagflation and yesterday after the European Central Bank announced a new interest rate hike program, raised inflation guidance and cut GDP guidance, and this morning, hot inflation numbers out of the US and

US Dollar Climbs, Markets Backslide As Inflation Pressures Increase

US index futures are down 0.1% to 0.4% this morning, adding to yesterday’s 0.3%-0.6% losses for the three main US indices. So far this appears to be a normal trading correction after US indices reached new all-time highs earlier in

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