Well the CPI figure for the US was lower than expected this morning and as a result it would indicate less urgency to raise rates, which helps improve the likelihood that the fed can pull off the "soft landing". Rate decision from the Federal Reserve comes tomorrow, and is pretty widely expected to be 50bps, but the signaling about the future increases and such will be what people are really watching.
Canada is in a very similar position, and this is a pretty good indication that inflation peaked earlier this year.
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