Bank of Canada says June rate cut a ‘possibility’

US CPI: Headline inflation is expected to have risen 0.3 per cent in March and 3.4 per cent on an annual basis, according to economists polled by LSEG. Core inflation, which excludes volatile food and energy prices, is expected to increase 0.3 per cent in March and 3.7 per cent year on year.

Fed minutes: The US central bank will release minutes from the Federal Open Market Committee’s last meeting, when it maintained its outlook of 0.75 percentage points of interest rate cuts in 2024 and raised GDP forecasts. 

Delta: The Atlanta-based airline is expected to report earnings of 36 cents per share in its first quarter and 6 per cent revenue growth on an annual basis. Investors will also listen for guidance on demand for travel and how the company will manage rising fuel prices.

Biden: The US president will host Japanese Prime Minister Fumio Kishida and his wife at the White House for an official visit. The meeting, which will focus on how the countries can counter Chinese military aggression, comes weeks after Biden came out against Nippon Steel’s bid to acquire US Steel.

Bank of Canada: Economists expect Canada’s central bank to hold interest rates for the sixth straight meeting, but observers will listen for guidance on a highly anticipated rate cut in June or July.

Via

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