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Week Ahead - Will US core CPI stay at the lowest levels since 2021?

Everyone will be watching the US inflation report as a cool report could help support soft landing hopes and seal the deal for some that the Fed is done raising rates. Expectations for the July inflation report is for headline inflation to rise towards the mid-3% range, while core inflation remains steady and holding onto the lowest levels since 2021 on both a monthly basis at 0.2% and at 4.8% from a year ago.

04-08-2023 13:24 GMT by Edward Moya

Loonie rallies as wages accelerate and oil price rally continues

Canada lost 6,400 jobs in July as the unemployment rate rose for a third straight month Canadian wage pressures jump to 5.0%, which might not let policymakers signal that the peak in rates is in place Crude prices rally for a sixth straight week on OPEC+ determination to keep oil market tight USD/CAD The past few weeks have not been kind to the Canadian dollar, but that could be changing. The general rise in the dollar has stemmed from concerns over the US debt situation. With both the Fed

04-08-2023 12:53 GMT by Edward Moya