Explore the world.

Assess underlying market conditions and fundamentals in the world's major economies.

World
Global
Americas
United States
Canada
Mexico
Europe
Euro Area
United Kingdom
Asia Pacific
China
Japan
Australia

Stay ahead.

Follow the biggest stories in markets and economics in real time.

Analysis
Blog
Views
Calendar

Subscribe

Get insight into the latest trends and developments in global currency markets with breaking news updates and research reports delivered right to your inbox.

After signing up, you will receive regular newsletters from Corpay, and may unsubscribe at any time. View Corpay’s Privacy Policy

Market Wire, North America

16 Jan 2024

Underlying Canadian Inflation Tops Forecasts

Canadian headline inflation accelerated as expected in December, but the underlying price indicators followed most closely by the Bank of Canada firmed – helping slash odds on an imminent pivot toward easier monetary policy. Data released by Statistics Canada this morning showed the Consumer Price Index rising 3.4 percent on a year-over-year basis in December, up from the 3.1 percent increase recorded in November, and precisely in alignment with consensus expectations. On a month-over-month basis, prices fell -0.3 percent – matching market forecasts. Gasoline prices fell -4.4 percent month-over-month, and food prices gained 0.3 percent. Shelter costs provided the biggest...

Read More Read More
11 Jan 2024

Inflation Tops Expectations, Bets on Fed Easing Slip

Underlying US consumer inflation failed to soften as much as expected last month, reducing odds on rate cuts at the Federal Reserve’s March meeting and beyond According to data published by the Bureau of Labor Statistics this morning, the core consumer price index – with highly-volatile food and energy prices excluded – rose 3.9 percent in December from the same period last year, up 0.3 percent on a month-over-month basis. This slightly exceeded consensus estimates among economists polled by the major data providers ahead of the release, which were set closer to the 3.8-percent mark. On a headline all-items basis,...

Read More Read More
05 Jan 2024

Solid Jobs Creation Pushes Monetary Easing Expectations Back

The US economy generated stronger wage growth and more jobs than expected in December, adding momentum to an ongoing reversal in Federal Reserve rate cut bets across the financial markets. According to data released by the Bureau of Labor Statistics this morning, 216,000 jobs were added, and the unemployment rate held steady at 3.7 percent, remaining near historic lows. Average hourly earnings rose 4.1 percent year-over-year, solidly topping expectations for a 3.9 percent increase. Ahead of the release, consensus estimates had pointed to a 170,000-job gain, and the unemployment rate was seen moving slightly higher. Diffusion indices – which measure...

Read More Read More
22 Dec 2023

Soft landing bets firm as inflation slows and consumer demand holds up

The Federal Reserve’s preferred inflation measure softened more than expected in November even as durable goods order soared, helping ratify bets on a “soft landing” in the US economy ahead of year end. Data released by the Bureau of Economic Analysis this morning showed the core personal consumption expenditures index rising 0.1 percent in November from the prior month, bringing the three-month annualized pace to 2.16 percent, well within the central bank’s target range. On a year over year basis, core prices were up 3.2 percent, undershooting consensus estimates that had been set closer to 3.3 percent. The overall personal...

Read More Read More
13 Dec 2023

Fed turns less hawkish, telegraphs more cuts in 2024

For a third consecutive meeting, the US Federal Reserve’s policy committee held its benchmark interest rate at a 22-year high, but indicated its tightening cycle was likely done, with easing likely to begin in the new year. After 11 increases since March 2022, the target range for the federal funds rate was maintained between 5.25 and 5.5 percent. In a slightly more dovish statement, officials acknowledged that “inflation has eased over the past year,” and softened language to suggest that incoming data would be monitored to determine whether “any” additional policy firming would be appropriate. According to the accompanying “dot...

Read More Read More

About

Contact

Data and information on this website is provided “as is” and for informational purposes only. Information on the website does not bind Corpay in any way; nor is it not intended as advice, a recommendation or an offer or solicitation for the purchase or sale of any financial products. Data and other information are not warranted as to completeness or accuracy and are subject to change without notice. All charts or graphs are from publicly available sources, or our proprietary data. Nothing in this material should be construed as investment, financial, tax, legal, accounting, regulatory or other advice or as creating a fiduciary relationship. Corpay disclaims any responsibility or liability to the fullest extent permitted by applicable law, for any loss or damage arising from any reliance on our use of the data in any way. You should contact your Corpay sales representative for clarification on the range of financial instruments available in your jurisdiction. Copyright Cambridge Mercantile Corp. 2022.