The Daily Chase: Investors navigate interest rate risks; Ethereum 'Merge' on the horizon - BNN Bloomberg

overnight. And while it’s been tough to get a clear sense of how U.S. markets will open, futures were narrowly in the green after another gauge of U.S. inflation gave a mixed picture. The overall producer price index rose a smidge less than expected year-over-year , but the core readings ran hot. We’ll keep chasing smart perspective on the risk for investors who doubt the U.S. Federal Reserve’s resolve to tame inflation.

And consider this comment from renowned investor Mark Mobius in an interview with our Bloomberg Television partners: “The Fed has a game plan. Their game plan is to make sure that the interest rate is higher than inflation. That's the way — they believe the way — to kill inflation. So, you have eight per cent CPI. That means you have to have nine per cent interest rates.”The U.S.

Separately, Unifor said last night it has opened negotiations with Canadian Pacific Railway for a new contract to cover about 1,200 service and component makers.growth in China’s oil demand will “grind to a halt” in the fourth quarter of this year as COVID-related lockdowns ripple across the economy. Even so, the IEA only marked down its outlook for global demand growth by 110,000 barrels per day this year as the Middle East and U.S. help to offset weakness in China.

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North American markets tumble as U.S. stocks suffer worst drop since June 2020North American markets tumbled Tuesday after the latest reading on U.S. inflation disappointed traders, with Canada's main stock index down more than 300 points and all three major U.S. stock indexes seeing their worst day since June 2020. Don't panic. The drop is from 2 yrs ago. In two yrs from now, you may panic for one trillion dollar debt. Good thing Trudeau and Joe Biden are in power... Great time to buy the dip 👍
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North American markets tumble, with U.S. stocks posting worst drop since June 2020North American markets tumbled Tuesday after the latest reading on U.S. inflation disappointed traders, with Canada's main stock index down more than 300 points and all three major U.S. stock indexes suffering their worst day since June 2020. No more mean tweets
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Evening Update: Federal holiday declared in Canada for the Queen’s funeral on Sept. 19, provinces and banks remain a questionAlso in the news, North American stock markets tumble after hot August U.S. inflation report Gotta pander!
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