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Canada: Gradual labour recovery expected – RBC
Royal Bank of Canada (RBC) economist Claire Fan notes that February’s Canadian labour market data were weak, with employment falling and the unemployment rate rising to 6.7% as participation declined. She highlights that volatile monthly data are being distorted by slower population growth.
Fxstreet
Fri, Mar 13
US Jan PCE Price Index Annual Rate Below Forecast, Traders Bet Fed Will Cut Rates Before September
TradingKey - At 8:30 AM ET, released U.S. PCE data indicated that overall U.S. inflation indicators remained moderate. According to data released by the U.S. Bureau of Labor Statistics, the U.S. Personal Consumption Expenditures (PCE) price index for January rose 2.8% year-on-year, lower than the market expectation of 2.9%, while core PCE growth was largely in line with expectations.TradingKey
Fri, Mar 13
US Q4 GDP growth revised to 0.7% vs. 1.4% expected
The US Bureau of Economic Analysis (BEA) reported on Friday that it revised the annualized Gross Domestic Product (GDP) growth for the fourth quarter to 0.7% in its second estimate, compared to the market expectation and the initial estimate of 1.4%.Fxstreet
Fri, Mar 13
US annual PCE inflation edges lower to 2.8% in January
Inflation in the United States, as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, edged lower to 2.8% in January from 2.9% in December, the US Bureau of Economic Analysis (BEA) reported on Friday. This print came in below the market expectation of 2.9%.Fxstreet
Fri, Mar 13
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