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BoC's Macklem: Below-forecast growth could keep inflation low
Bank of Canada (BoC) Governor Tiff Macklem spoke at the Vancouver Board of Trade on Monday, spinning an expected drag on Canadian economic growth as a positive on the hopes that lagging growth at the nation-wide level could, in theory, limit a reignition in inflationary pressures.Fxstreet
Dec 16, 2024
ECB's Schnabel: Monetary policy can't resolve structural issues
European Central Bank (ECB) Executive Board member Isabel Schnabel hit wires on Monday, cautioning that while lowering rates is the goal, the ECB still needs to be ready to respond to any shocks that could threaten inflation expectations.Fxstreet
Dec 16, 2024
US S&P Global Manufacturing PMI declines to 48.3 in December, Services PMI improves to 58.5
US S&P Global Composite PMI rose to 56.6 in December's flash estimate from 54.9 in November, showing that the business activity in the US' private sector continued to expand at an accelerating pace.Fxstreet
Dec 16, 2024
