80% Chance Fed Will Raise by 0.75%; 2-Year Treasury Yields Exceed 3.99%; US Dollar Continues to Gain; Stock Markets Lower; Canadian Inflation Falls.
Both the 2-Year and 10-Year US Treasury Yields hit multi-year highs yesterdayCanadian CPI data released yesterday showed a price deflation of 0.3% month-on-month
Daily new coronavirus cases globally dropped last week for the ninth consecutive week, giving rise to the hope that the pandemic is finally over in any meaningful sense. Earlier this week, President Biden declared the pandemic “over”.
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