Austan Goolsbee, president of the Federal Reserve, described the latest U.S. inflation data as “borderline disturbing.” The October Consumer Price Index rose 0.4% from the previous month, exceeding economists’ expectations. His comments align with those of other Fed officials and suggest that interest rates could rise further rather than remain unchanged. The remarks are also influencing expectations for Canadian monetary policy, including the Bank of Canada’s rate decisions and its governor Tiff Macklem’s upcoming statements.
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