Canada's CPI dropped from 4% in August to 3.8% in September. The Bank of Canada's upcoming rate decision is crucial, leaving room for potential hikes
amid persistent inflationary pressures. Despite the ECB's rate increase to 4%, economic concerns arise. While the US Core PCE Price Index registered 0.1%, Fed officials expect sustained elevated rates. Wednesday, 25 October, 17:00. CA BoC interest rate decision In September, Canada's annual Consumer Price Index showed a decline in inflation from 4% in August to 3.8%.
Some ECB council members believe that current borrowing costs are sufficiently high, indicating no immediate need for another rate hike. Thursday, 26 October, 15:30. US GDP The GDP rose at an unrevised 2.1% annualised rate last quarter. The U.S. economy showed steady growth in Q2. Some economists see potential for the Federal Reserve to raise interest rates in November, given the resilient economy and high inflation. However, others think economic challenges might deter further tightening.
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