An annual target is best for financial planning, consultation participants said
Large consumer price increases are an exception, not a rule, says an RBC report
Fund managers are eyeing rising inflation and the rotation to value as they adjust strategies after a challenging pandemic year
The U.S. central bank also upgraded its growth and inflation forecasts
The monthly result was the largest percentage gain since February 2020
David McKay predicts central banks will hike rates sometime next year
The treasury secretary pointed to low unemployment before the pandemic, which didn't lead to inflation
The wait-and-see message caused bond yields to jump
The consumer price index hasn't been above 1% in about a year
Despite the monthly increase, inflation remains tame