Inflation rates remain above target and a range of recessionary indicators are flashing more ever more insistently, raising the likelihood of a broader economic slowdown and a reset in currency markets. So, what can businesses expect in the coming quarter?
Markets think inflation has rolled over and no further tightening is needed
Karl Schamotta, chief market strategist at Corpay, joins BNN Bloomberg for his view on the latest inflation print out of the U.S. Schamotta says the number provide a positive outlook on the inflation front.
Dollar skids to two-month low, pound climbs to 15-month peak on wage growth data
Market participants should remember that U.S. data releases still have the capacity to shock: if the core inflation measures surprise to the upside, front-end yields could leg higher once again, and the dollar might stage a surprising rebound.
