forex.pm forex forum binary options trade

Forex news -forex broker review => Forex => Topic started by: forex4you on Oct 15, 2024, 06:32 pm

Title: Canada September CPI 1.6% vs 1.8% expected
Post by: forex4you on Oct 15, 2024, 06:32 pm
Canada September CPI 1.6% vs 1.8% expected

  • Prior was 2.0%
  • CPI m/m -0.4  vs -0.2% expected
  • Prior m/m +0.4%

Core measures

  • CPI Bank of Canada core y/y  1.6% vs 1.5% prior
  • CPI Bank of Canada core m/m  0.0% versus -0.1% prior
  • Core CPI m/m SA  +0.1% vs +0.1% prior (revised to +0.2%)
  • Median  2.3% versus 2.3% prior
  • Trim  2.4% versus 2.5% prior
  • Common  2.1% versus 2.0% prior

This really firms up the case for the Bank of Canada to cut by 50 basis points on October 23. USD/CAD is at the highs of the day and on track for a tenth straight day of gains.



                This article was written by Adam Button at www.forexlive.com.

Source: Canada September CPI 1.6% vs 1.8% expected (https://www.forexlive.com/news/canada-september-cpi-16-vs-18-expected-20241015/)

forexlive.com