NEW: US CPI inflation rose to 4.2% year-on-year in data released this morning, hitting the highest level since 2023 while increasing 0.5% month-on-month
Core CPI inflation rose to 2.9% year-on-year, increasing 0.2% month-on-month
Joey Politano🏳️🌈
“The #brokenheart. You think you will die, but you just keep living, day after day after terrible day.” - #CharlesDickens
www.theatlantic.com/technology/2...
BMO: The #BankofCanada makes its policy announcement at 9:45 am this morning. We see the Bank firmly on hold at 2.25%, and suspect that some of the hawkishness that lined the April proceedings will be toned down at this meeting.
#BOC #cdnecon
1 BMO: #Equityfutures point to a lower open this morning, with #tech #stocks leading the move down. While ongoing strikes in #Iran appear to be extending the conflict yet again, #valuation concerns in the #tech space are also moving into focus. 🧵
#markets
Mike Spector & Lindo So of Reuters reported that those (Epstein) survivors are now under threat from Trump supporters. “She’ll be unalived,” someone wrote under a news report of an accuser demanding the release of the files. “She really should’ve stayed quiet. RIP.” open.substack.com/pub/heatherc...
"Nearly 90% of Americans meet the criteria for CKM syndrome"
www.wsj.com/health/welln...
2 BMO: #Oilprices, however, are relatively well-behaved with #WTI holding around $88, while #Treasury #yields are little changed ahead of this morning's U.S. #CPI print. The #loonie starts the day on stable footing at $1.393/USD ($71.8 US cents). #markets
“Trump has made the #rural #economy so bad that reality has overridden #Trump voters’ usual tendency to make excuses for him.” open.substack.com/pub/paulkrug...
