USD/CAD rebounds firmly from 1.3400 as anxiety soars ahead of Fed Powell/BoC Macklem speech USDCAD Fed BOC Inflation SEO
figures, and a slowdown in economic activities, which triggered the odds that the Federal Reserve might consider a pause in the interest rates and will observe the impact of higher interest rates for a period of time.
However, skyrocketing employment numbers and job openings despite weakening activities are indicating that firms are optimistic toward forward demand, which can trigger a rebound in the declining spell of the United States Consumer Price Index . Therefore, hawkish guidance on interest rates cannot be ruled out.vigorously to 4.5%, the highest level in the past 15 years, Bank of Canada Governor Tiff Macklem explicitly paused the policy tightening.
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