Rosy earnings forecasts underpinning stocks face downward revisions
Progress against accelerating prices has been slowed by stickier-than-expected inflation for services
The inflation reading is the last before the Bank of Canada's next interest rate decision
Powell declined to provide any hints of when the first rate cut would occur
Latest data fuels speculation of interest rate cuts by the Federal Reserve
The Fed likely won’t wait until inflation reaches its 2% target before cutting rates, Powell tells House panel
Energy inflation resurfaces, stoking price pressures
Investors have put the likelihood of a Fed rate cut in September at about 76%, according to CME FedWatch
Respondents expressed concerns about inflation, income levels and a potential recession
Rising unemployment for Canada, U.S. gives central banks reason to ease