WS #12170
Underlying US producer price inflation was softer than expected in June, supporting a dovish Fed stance and boosting stocks and bonds. Bank of Canada held interest rates at 2.25% for the sixth consecutive meeting, citing economic rebound and oil price-driven inflation fading.
US PPI Data Softer Than Expected
Underlying US producer price inflation was softer than expected in June, supporting a dovish Fed stance and boosting stocks and bonds.
Bank of Canada held interest rates at 2.25% for the sixth consecutive meeting, citing economic rebound and oil price-driven inflation fading.