Significant news on inflation from the US, with core inflation higher than expected and above overall inflation, as gas and fuel prices slipped back, but services inflation remained firm, alongside rents. Sufficient to confirm a likely 25 basis point hike when then FED meets next.
And in Canada, the bank there left rates at 4.5% but was more bullish, talking about rates higher for longer.
Net, net, the idea that Central Banks will be cutting this year is all but laughable!
http://www.martinnorth.com/
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