Inflation data raises concerns 😟
The inflation data released by Canada yesterday was less friendly. The core CPI rose sharply in August, with the growth rate being the highest since July 2022. At the same time, the price of second-hand cars in the United States unexpectedly rose by 1.5% month-on-month, and WTI crude oil prices were still higher than With $90 and little sign of easing, we think the risk of a rebound in inflation before the end of the year remains, giving the almost-forgotten “rates higher for longer” view a chance to make a comeback.
