Hormuz Reopens Inflation Rises
Strait of Hormuz traffic resumes with delays while Canada inflation hits a 29-month high driven by gasoline prices; former Fed Chair Greenspan dies at 100.
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- EVENTOil rebounds as US waives Iran sanctions, Asian stocks slip on Fed rate-cut fears
Energy prices recovered ground following the US policy shift on Iran, while equity markets retreated as traders adjusted expectations for a more aggressive Federal Reserve stance.
- DATACanada inflation hits 29-month high at 3.2% as Iran conflict fuels gasoline prices
Geopolitical supply shocks have reversed the disinflation trend, complicating the Bank of Canada's path and raising questions about the durability of rate-cut expectations.
- STATEMENTStatistics Canada
“the closure of the Strait of Hormuz put upward pressure on gasoline prices.”
in: Canada inflation hits 29-month high at 3.2% as Iran conflict fuels gas - MARKETFormer Fed Chair Alan Greenspan dies at 100
The economist who steered US monetary policy for 19 years has passed away, closing a defining chapter in central banking history.
- EVENTHormuz Strait Reopens to Traffic, but Shipping Delays and Oil Flow Risks Persist
Vessels are transiting the Strait of Hormuz again, yet congestion and partial restrictions keep energy supply chains exposed. Markets remain cautious as full normalization could take months.
- CB MEETINGBank of Canada rate decision (press conf.) CA high
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- CB MEETINGFederal Reserve rate decision (press conf.) US high
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- CB MEETINGBank of Canada rate decision (press conf.) CA high
Title actor match
- CB MEETINGFederal Reserve rate decision (press conf.) US high
Title actor match