The market is sensing that energy prices will stay higher for longer as the US and Israel struggle to define a plan for peace and reopening the Strait of Hormuz.Trump today in a Truth Social post said it would be easy ...

The USDCAD opened near the highs from earlier this month at 1.3752, but upside momentum stalled when the price failed to extend above yesterday’s high at 1.37476. That failure prompted buyers to turn to sellers, push...

If oil stays high for months on and at some point it leads into core inflation.A high and persistent oil shock would not have a transitory impact on inflation. Based on the jobs report was planning to dissent, but sinc...

Prior was -0.4%Ex autos +0.8% vs +1.2% expectedPrior ex autos +0.1% (revised to 0.0%)Advance February sales +0.9%Sales hit $70.7 billion in JanuarySales ex autos and gas +0.9%The advance reading tends to be the better ...

Prior was +2.7% (revised to +2.8%)PPI y/y +5.4% vs +5.4% priorRaw materials price index +0.6% m/m vs +7.7% priorRaw materials price index +8.6% y/y vs +8.0% priorNormally, the Bank of Canada would give a lower reading ...

ECB will remain vigilantWe will not be inactive or overreact to volatility in energy marketsWe have the ability to act if necessary, ready to do so to stabilise inflation at the 2% targetA rate hike looks to be likelie...

Nagel said that the central bank will have to consider a rate hike as early as next month, that is if price pressures continue to ramp up further amid the Middle East conflict. Adding that:"As things currently stan...

The bandwagon is starting to grow, with the two latest calls adding to the one from JP Morgan earlier here. And much like JP Morgan, both Barclays and Morgan Stanley had previously forecast no rate changes by the ECB f...

It took a while for it to really strike deep, but the seeds were already planted in the first week of the Middle East conflict. And now with Iran also trying to disrupt things on a broader scale, we are seeing inflatio...

Summary:Powell to deliver brief remarks at award event on Saturday at 1430 GMT/1030 US Eastern time Appearance tied to American Society for Public Administration conferenceRemarks expected to be non-policy and pre-prep...

Morgan Stanley delays Fed cuts as oil and inflation risks complicate outlook.Summary:Morgan Stanley delays Fed rate cut outlook to September and DecemberPrevious forecast was June and September easingFed seen as more c...

The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate.PBOC injects 20.5bn yuan in 7-day reverse repos at 1.4% (unchanged) in open market operationsEarlier the PBOC left Loan Prime Rate...

The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets. Ch...

The People's Bank of China rate setting is a non-event. China's main policy rate is now the reverse repo rate, currently at 1.4% for the 7-day. The 7-day rate serves as a key policy benchmark, influencing other...

The USDCAD pushed higher into the European session, breaking above last Friday’s high and testing the early March peak near 1.3752. However, the rally stalled just short of that level, with today’s high reaching 1....

The ECB sources reports are starting to cross and this one is hawkish:Discussion over possible rate hikes may need to start in April, unless there is a quick resolution in the Middle East conflictApril likely too early...

ECB President Christine Lagarde earlier highlighted ECB March staff projections and the baseline showed growth revised down to 0.9% for 2026, headline inflation revised up to 2.6% on the back of the energy shock. But t...

Main refi rate unchanged at 2.15%Deposit rate unchanged at 2.00%War poses upside risks to inflation, downside risks to growthDetermined to ensure inflation reaches targetImplications for medium-term inflation depend cr...

Treasury Secretary Scott Bessent said the tariff investigations will wrap up just in time for the 150 day deadline in the current tariff regime, which could also be ruled illegal (though that would be retroactive).Norm...

Prior 3.75%Bank rate vote 9-0 vs 7-2 expectedConflict in the Middle East has caused a significant increase in global energy and other commodity prices, which will affect households’ fuel and utility prices and have i...