Created
: 2024.04.16
2024.04.16 19:13
Analysts at TD Securities note that Bank of Canada (BoC) Governor Macklem will add to a number of CAD risk events on Tuesday afternoon when he holds a fireside chat with Federal Reserve Chairman Jerome Powell at 17:15 GMT.
"The topic for their discussion will be "Economic trends in North America," but coming just hours after the March CPI report the bigger question for Canadian investors will be to what extent that report adds to the Bank's confidence that recent inflation progress will be sustained, and how far Macklem is willing to lean into that message."
"However, the Bank will still get one more CPI report before its June decision, and with TD and the market looking for headline CPI to push higher in March we could see a more balanced message emerge from Macklem's fireside chat. Markets will also be watching Chairman Powell's remarks for his view on recent inflation dynamics after the upside surprise March CPI, and any implications from a more drawn-out disinflation process in the US."
Created
: 2024.04.16
Last updated
: 2024.04.16
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy