Two central banks are frozen in place by the same problem. A jump in energy prices has pushed inflation higher, even as the economy beneath it quietly cools.
US inflation hit its highest level since 2023 today, but the core reading was tame. The Bank of Canada held its rate for a fifth straight time, caught between weak growth and a surprise jobs surge.
Today’s USA & Canada Intelligence Brief covers the region’s finance, markets, economy, and politics. It is a domestic brief, drawn from English and French Canadian sources, and we have left out any war coverage.
United States — A Scary Headline, A Calmer Core
The Highest Since 2023
