US CPI comes out lower than expected
Ex food and energy +0.1% – as expected
YoY CPI Headline -1.3% lower than expected. Biggest drop since 1950.
Ex Food and Energy YoY +1.8% which is as expected.
Inflation is not really showing up in the numbers.
The US Current Account balance comes out at -101.5 vs -85.0B
In Canada Wholesale sales fell -0.6%. The prior month was revised to -0.4% from -0.6%. About as expected.
Canada Leading Indicator fell by -0.1% which was better than expectations -0.6%.
The dollar fell a little on the numbers but has rebounded a touch since




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