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*Updated* Ongoing Bank of Canada Benchmark Rate Announcements
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08-15-2023, 10:16 AM
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blankall
Ate 100 Treadmills
Join Date: Mar 2006
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Originally Posted by
Firebot
Inflation jumped back up to 3.3% in July, higher than economists estimated.
https://www.cbc.ca/news/business/can...july-1.6936557
5 year Canadian bond have spiked back up above 4%.
South of the border retail sales rose more than expected.
https://finance.yahoo.com/news/july-...124255048.html
There seems to be a bit of a lull, with Goldman Sachs predicting the US to slash interest rates as early as next May, but this is betting on if inflation meets target.
https://finance.yahoo.com/news/fed-r...131518771.html
With gas prices climbing steadily in the past month, it's highly likely that inflation will be higher next announcement as well.
But hey grapes went down 40% MOM, go wild and splurge.
That's hilarious. I bought some grapes the other day and was thinking to myself how cheap it seemed.
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