It’s a week of the central bank heavies with the U.S. Federal Reserve, European Central Bank and Bank of Japan meeting.
Signs that U.S. inflation continued to cool in May would likely be welcomed by markets, after strong jobs data bolstered the case for those betting rate hikes are easing price pressures without badly hurting growth. Headline consumer prices are expected to rise by 0.3 per cent on a monthly basis, after a 0.4 per cent increase in April.
Markets reckon the ECB will be done and dusted after one further 25 bps move, which economists polled by Reuters expect in July. That makes sense considering other data showed real wages sliding for a 13th straight month, even as labor unions negotiated the biggest pay increase for three decades at spring wage talks.
May new home price data is due Thursday, after a private survey showed new home prices fell for the first time in four months in May and home sales slumped.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: globeandmail - 🏆 5. / 92 Read more »
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »
Source: globeandmail - 🏆 5. / 92 Read more »
Source: TheTorontoSun - 🏆 23. / 68 Read more »