Imperial Bank of Canada: weaker energy prices slow

Aihuicha, November 14: Imperial Commercial Bank of Canada said that the October CPI report of the United States will show that core inflation is still outside the target range, or will grow by 0.3% annually. Weaker energy prices may lead to a weakening of overall inflation data, up about 0.2% annually. Inflation will continue to reflect a tug of war between rising price pressures in demand sensitive categories such as core services (excluding housing) and easing commodity prices due to supply chain normalization. In assessing the appropriate level of monetary restrictions, the Fed will look for clues to the persistence of these two forces. In addition, the bank believes that it is also important to observe housing inflation because the September data were unexpected and this year was more sticky than expected.