“I don't envy Governor Macklem’s situation,” says Carleton University professor
Deliberations reveal policymakers grappled with uncertainty
Prescribed rate for the second quarter to remain at 4%
Agency provides examples of when income-earning purpose is met
Internal review, external assessment slated to be published toward end of 2024
Recent data indicate inflation is easing
The inflation reading is the last before the Bank of Canada's next interest rate decision
The Fed likely won’t wait until inflation reaches its 2% target before cutting rates, Powell tells House panel
Investors have put the likelihood of a Fed rate cut in September at about 76%, according to CME FedWatch
While there was concern progress could stall, consensus was inflation would continue downward momentum