Atlanta Fed GDPNow estimate dips to 3.6% from 3.7%
The Atlanta Fed's GDPNow model for Q3 GDP growth was trimmed to 3.6% from 3.7% after weaker wholesale inventories data.
2 min ago7 min read
BoC Governing Council sees near-term inflation staying elevated
The Bank of Canada's Governing Council sees near-term inflation staying elevated, while markets anticipate over 100 basis points of rate hikes.
16/09/2026 17:412 min read
- Persistent elevated energy costs and the conflict in the Middle East were cited as factors behind increased market expectations for inflation.
- There was a perceived elevated risk that inflation would spread to non-energy goods and services.
- The risks to the July forecasts were viewed as having become more acute by the members.
- Trade uncertainty was seen as making the growth outlook more uncertain.
The Bank of Canada decided to keep rates unchanged in September, yet the market anticipates over 100 basis points of rate increases over the next year.
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