{"id":49299,"date":"2024-07-15T12:33:12","date_gmt":"2024-07-15T12:33:12","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/07\/15\/economists-expect-modest-decline-in-inflation\/"},"modified":"2024-07-15T12:33:12","modified_gmt":"2024-07-15T12:33:12","slug":"economists-expect-modest-decline-in-inflation","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/07\/15\/economists-expect-modest-decline-in-inflation\/","title":{"rendered":"Economists expect modest decline in inflation"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"\">\n<header aria-label=\"Beginning of Article\" class=\"article-header article-header--story\">\n<nav aria-label=\"Breadcrumb\" class=\"breadcrumbs\" data-aqa=\"nav-breadcrumb\">\n<p>Breadcrumb Trail Links<\/p>\n<ol class=\"breadcrumbs__items list-unstyled\">\n<li class=\"breadcrumbs__item\">News<\/li>\n<li class=\"breadcrumbs__item\">Economy<\/li>\n<\/ol>\n<\/nav>\n<div class=\"article-header__detail\">\n<div class=\"article-header__detail__texts\">\n<p class=\"article-subtitle\">Economists are confident the data will show inflation resumed its downward trajectory after a surprise jump<\/p>\n<div class=\"article-meta\">\n<p><span class=\"published-date__since\">Published Jul 15, 2024<\/span> \u00a0\u2022\u00a0 <span class=\"updated-date__since\">Last updated 2\u00a0hours ago<\/span> \u00a0\u2022\u00a0 <span class=\"published-date__word-count\">3 minute read<\/span><\/p>\n<div class=\"article-meta__bottom\">\n<div class=\"bookmark-wrapper\">\n<div class=\"popover\" data-aqa=\"popover\" data-click-to-appear=\"True\" data-container=\"\" data-container-offset=\"\" data-no-style=\"\" data-popover-component=\"\" data-position=\"top\" data-sticky=\"\" data-tail-offset=\"200\" data-tail-position=\"right\"><button class=\"popover__trigger bookmark-button\"><span class=\"save-article-button save-article-button--default\" title=\"Save article\" data-article-id=\"78aa98f4-4a56-4208-bc76-5733c110f8aa\" data-evt-skip-click=\"true\"\/><\/button><\/p>\n<div aria-describedby=\"popover-desc-popover-bookmark\" class=\"popover__content\" hidden=\"\" role=\"dialog\">\n<div class=\"popover__content__wrapper\">\n<div class=\"popover__content__text\" id=\"popover-desc-popover-bookmark\">\n<div class=\"bookmark__popover__content\">\n<p>You can save this article by registering for free here. Or sign-in if you have an account.<\/p>\n<\/div>\n<\/div>\n<p><button class=\"popover__content__close\" data-evt-skip-click=\"true\" title=\"Close\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewbox=\"0 0 12 12\" class=\"icon--close\" height=\"12\" version=\"1.1\" width=\"12\"><polygon points=\"12 0.95 11.05 0 6 5.05 0.95 0 0 0.95 5.05 6 0 11.05 0.95 12 6 6.95 11.05 12 12 11.05 6.95 6\"\/><\/svg><\/button><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<figure class=\"featured-image\" data-aqa=\"featured-image\"><picture class=\"featured-image__ratio\"><\/source><\/source><\/source><\/source><\/picture><figcaption class=\"featured-image__caption image-caption\"><span class=\"caption\">May\u2019s headline inflation climbed slightly to 2.9 per cent compared to the previous year, up from 2.7 per cent reported in April.<\/span> <span class=\"credit\">Photo by Paul Morris\/Bloomberg<\/span><\/figcaption><\/figure>\n<\/div>\n<\/header>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p data-async=\"\">Economists expect that Consumer Price Index (CPI) data to be released Tuesday will show that inflation slowed modestly in June, after a surprise jump a month earlier caught many market watchers off guard.<\/p>\n<p>May\u2019s headline inflation climbed slightly to 2.9 per cent compared to the previous year, up from 2.7 per cent reported in April. The uptick was driven mainly by an increase in the price of services in the economy and was above economists\u2019 expectations.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_2\">\n<section aria-describedby=\"advertisment5063619404634608200105800398536704\" class=\"ad\">\n<p>Advertisement 2<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-2\">\n<div class=\"ad__inner__container\" data-ad=\"[[6,6],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-interscroller=\"6x6\" data-ad-loc=\"2\" data-ad-mobile=\"[[6,6],[320,50],[300,50],[300,250],[300,600]]\" data-aqa=\"advertisement\" id=\"ad-2\" style=\"--desktopHeight:250px;--mobileHeight:600px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<div class=\"article-block article-block-bg 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Barbara Shecter, Joe O&#8217;Connor, Gabriel Friedman, Victoria Wells and others.<\/li>\n<li>Daily content from Financial Times, the world&#8217;s leading global business publication.<\/li>\n<li>Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.<\/li>\n<li>National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.<\/li>\n<li>Daily puzzles, including the New York Times Crossword.<\/li>\n<\/ul>\n<\/div>\n<div class=\"intro-body__anonymous\">\n<p>REGISTER \/ SIGN IN TO UNLOCK MORE ARTICLES<\/p>\n<p class=\"identity-intro__description\">Create an account or sign in to continue with your reading experience.<\/p>\n<ul class=\"list-unstyled list-checkmark\">\n<li>Access articles from across Canada with one account.<\/li>\n<li>Share your thoughts and join the conversation in the comments.<\/li>\n<li>Enjoy additional articles per month.<\/li>\n<li>Get email updates from your favourite authors.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/header>\n<div class=\"identity-screen m-x-0 p-x-0 col-xs-12 col-md-6 flex-justify-center flex-align-center\" aria-live=\"assertive\">\n<section class=\"sail\" data-account-id=\"b9d3df2fccd108b5eff3c44f573b2cd6\" data-sailthru-personalization-engine=\"\" data-sailthru-personalization-engine-component=\"\"\/>\n<div class=\"m-x-0 p-x-0 col-xs-12 col-sm-6 col-md-12 flex-align-justify-center\" data-auth-component=\"\" id=\"auth-screen-form\">\n<div class=\"identity-screen-form--active w-full flex-align-justify-center\">\n<div class=\"identity-screen-form identity-screen__content w-full\">\n<h2 class=\"blocker-title\">Sign In or Create an Account<\/h2>\n<p><span class=\"identity-divider__line\"\/><span class=\"identity-divider__text\">or<\/span><span class=\"identity-divider__line\"\/><\/p>\n<\/div>\n<\/div>\n<\/div>\n<footer class=\"identity-footer identity-screen__content m-x-0 p-x-0 col-sm-6 col-md-12\"\/><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p data-async=\"\">This time, however, economists are confident the data will show inflation resumed its downward trajectory, giving Canada\u2019s central bank the room to cut interest rates again at its next decision on July 24.<\/p>\n<p>\u201cIf we\u2019re judging the \u2018quality\u2019 of these inflation reports based on month-to-month movements in the broad array of core CPI measures, then the May report was the first bad one after four good ones in a row from January through April,\u201d said Robert Kavcic, senior economist at Bank of Montreal. \u201cSo, a favourable June print would leave the running tally at five-of-six on the good side, which could very well justify further rate cut.\u201d<\/p>\n<p>Headline inflation stood at 3.4 per cent in December of last year. Core measures of inflation, the preferred data the Bank of Canada likes to look at when making its policy rate decisions, have also been on a steady decline.<\/p>\n<p>\u201cThe May report was a temporary deviation from what is still a downward trend in underlying inflation and that message I believe is going to be reinforced in the June data,\u201d said David Rosenberg, chief economist at Rosenberg Research &amp; Associates Inc.<\/p>\n<\/section>\n<div class=\"js-widget-content article-content__widget-group article-content__widget-group--content-slot14\">\n<section class=\"newsletter-widget__new-story-page fp-headlinenews background--primary-light-gradient\" aria-labelledby=\"FinancialPostTopStories8993826161182990159194617806848000\" data-account-id=\"b9d3df2fccd108b5eff3c44f573b2cd6\" data-aqa=\"widget-newsletter\" data-newsletter=\"single\" data-newsletter-component=\"\" data-target-list=\"FP_HeadlineNews\" data-widget=\"newsletter\">\n<div class=\"newsletter-new-story-page-template\">\n<div class=\"newsletter-widget__header__new-story-page\">\n<div class=\"newsletter-widget__banner__new-story-page\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/dcs-static.gprod.postmedia.digital\/16.5.1\/websites\/images\/newsletters\/icon-fp-topStories.svg 75w, https:\/\/dcs-static.gprod.postmedia.digital\/16.5.1\/websites\/images\/newsletters\/icon-fp-topStories.svg 100w, https:\/\/dcs-static.gprod.postmedia.digital\/16.5.1\/websites\/images\/newsletters\/icon-fp-topStories.svg 150w, https:\/\/dcs-static.gprod.postmedia.digital\/16.5.1\/websites\/images\/newsletters\/icon-fp-topStories.svg 240w, https:\/\/dcs-static.gprod.postmedia.digital\/16.5.1\/websites\/images\/newsletters\/icon-fp-topStories.svg 320w, https:\/\/dcs-static.gprod.postmedia.digital\/16.5.1\/websites\/images\/newsletters\/icon-fp-topStories.svg 500w, https:\/\/dcs-static.gprod.postmedia.digital\/16.5.1\/websites\/images\/newsletters\/icon-fp-topStories.svg 640w, https:\/\/dcs-static.gprod.postmedia.digital\/16.5.1\/websites\/images\/newsletters\/icon-fp-topStories.svg 800w, https:\/\/dcs-static.gprod.postmedia.digital\/16.5.1\/websites\/images\/newsletters\/icon-fp-topStories.svg 1024w, https:\/\/dcs-static.gprod.postmedia.digital\/16.5.1\/websites\/images\/newsletters\/icon-fp-topStories.svg 1280w, https:\/\/dcs-static.gprod.postmedia.digital\/16.5.1\/websites\/images\/newsletters\/icon-fp-topStories.svg 1600w\" alt=\"Top Stories\" loading=\"lazy\" fifu-data-src=\"https:\/\/dcs-static.gprod.postmedia.digital\/16.5.1\/websites\/images\/newsletters\/icon-fp-topStories.svg\"\/><\/div>\n<div>\n<p>Top Stories<\/p>\n<p class=\"newsletter-widget__text__new-story-page\">Get the latest headlines, breaking news and columns.<\/p>\n<\/div>\n<\/div>\n<div class=\"newsletter-widget__body__new-story-page\">\n<div class=\"js-replace-main__new-story-page\">\n<p class=\"newsletter-widget__disclaimer__new-story-page text-size--tiny\">By signing up you consent to receive the above newsletter from Postmedia Network Inc.<\/p>\n<\/div>\n<div class=\"js-submit-success\" hidden=\"\" id=\"submitSuccessFP_HeadlineNews\">\n<p>Thanks for signing up!<\/p>\n<p class=\"newsletter-widget__text__new-story-page\">A welcome email is on its way. If you don&#8217;t see it, please check your junk folder.<\/p>\n<p class=\"newsletter-widget__text__new-story-page newsletter__feedback--last\">The next issue of Top Stories will soon be in your inbox.<\/p>\n<\/div>\n<p class=\"newsletter-widget__text__new-story-page js-submit-error\" style=\"margin-top: 8px\" hidden=\"\" id=\"submitErrorFP_HeadlineNews\">We encountered an issue signing you up. Please try again<\/p>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_3\">\n<section aria-describedby=\"advertisment9832629816439300470396800586481664\" class=\"ad\">\n<p>Advertisement 3<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-3\">\n<div class=\"ad__inner__container\" data-ad=\"[[7,7],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-interscroller=\"7x7\" data-ad-loc=\"3\" data-ad-mobile=\"[[7,7],[300,250],[320,50],[300,50]]\" data-aqa=\"advertisement\" id=\"ad-3\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>Jimmy Jean, chief economist with Desjardins, expects costs in services to remain elevated. However, Jean thinks inflation in rental prices will reach a peak after the acceleration seen since 2021.<\/p>\n<p>\u201cOur forecast would imply inflation coming down to 2.8 per cent year-over-year from 2.9 per cent, which would be enough to give the nod to the Bank of Canada for a rate cut on the 24th,\u201d wrote Jean in a forecast note.<\/p>\n<p data-async=\"\">Katherine Judge, an economist with Canadian Imperial Bank of Commerce, thinks core measures of inflation will also decrease and this slowing pace in inflation will continue into the third quarter.<\/p>\n<p>\u201cIn the third quarter, the headline CPI index should drop off sharply on base effects, with inflation likely averaging 2.3 per cent year-over-year in the quarter,\u201d Judge wrote in<br \/>a forecast note to clients. \u201cCore measures will likely come down at a more measured pace, as mortgage interest costs ease off and demand remains soft.\u201d<\/p>\n<p>The Bank of Canada predicted inflation would ease to below 2.5 per cent in the second half of 2024, according to April\u2019s monetary policy report. Two months later, Bank of Canada Governor Tiff Macklem said the Canadian economy was headed for a \u201csoft landing.\u201d<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_4\">\n<section aria-describedby=\"advertisment2590816599539920023996463298117632\" class=\"ad\">\n<p>Advertisement 4<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-4\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"4\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-4\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>But Rosenberg thinks the central bank is behind the curve in cutting rates and should have done so sooner, pointing to a likely recession that is looming. Canada\u2019s unemployment rose to 6.4 per cent in June and the Canadian economy lost 1,400 jobs.<\/p>\n<p>\u201cThe cat was let out of the bag at the April meeting when the bank uttered these two words in the press statement: excess supply,\u201d Rosenberg said. \u201cThey should have cut rates at that meeting. The Bank of Canada is as far behind the economic curve as it was the inflation curve two years ago.\u201d<\/p>\n<p>Data out of the United States this past week showed an increase in unemployment to 4.1 per cent. The core inflation rate was 3.3 per cent year-over-year in June, the lowest in three years.<\/p>\n<p data-async=\"\">During his testimony in front of a senate committee on Tuesday, United States Federal Reserve Chair Jerome Powell acknowledged the risk of waiting too late to start cutting rates.<\/p>\n<p>\u201cReducing policy restraint too late or too little could unduly weaken economic activity and employment,\u201d Powell said.<\/p>\n<section aria-labelledby=\"moreTopicLabel5058111702945392264455843662004224\" class=\"more-topic\" data-aqa=\"embed-more-topic\" data-carousel-component=\"\" data-carousel-icon-button=\"\" data-carousel-type=\"list\">\n<p>Recommended from Editorial<\/p>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-prev\" data-carousel-prev=\"\" tabindex=\"-1\" title=\"previous\" type=\"button\"\/><\/p>\n<ol class=\"more-topic__items list-unstyled\" data-carousel-slide-list=\"\" tabindex=\"0\">\n<li data-evt-val=\"{\" control_fields=\"\" data=\"\" not=\"\" as=\"\" oilers=\"\" game=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/06\/edmonton-oilers-0625.jpg?h=96&strip=all&quality=5&sig=Od1dyX4Iz6y0WJHfanu2fg&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/06\/edmonton-oilers-0625.jpg?h=96&strip=all&quality=5&sig=Od1dyX4Iz6y0WJHfanu2fg&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/06\/edmonton-oilers-0625.jpg?h=96&strip=all&quality=5&sig=Od1dyX4Iz6y0WJHfanu2fg&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/06\/edmonton-oilers-0625.jpg?h=96&strip=all&quality=5&sig=Od1dyX4Iz6y0WJHfanu2fg&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/06\/edmonton-oilers-0625.jpg?h=96&strip=all&quality=5&sig=Od1dyX4Iz6y0WJHfanu2fg&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/06\/edmonton-oilers-0625.jpg?h=96&strip=all&quality=5&sig=Od1dyX4Iz6y0WJHfanu2fg&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/06\/edmonton-oilers-0625.jpg?h=96&strip=all&quality=5&sig=Od1dyX4Iz6y0WJHfanu2fg&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/06\/edmonton-oilers-0625.jpg?h=96&strip=all&quality=5&sig=Od1dyX4Iz6y0WJHfanu2fg&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/06\/edmonton-oilers-0625.jpg?h=96&strip=all&quality=5&sig=Od1dyX4Iz6y0WJHfanu2fg&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/06\/edmonton-oilers-0625.jpg?h=96&strip=all&quality=5&sig=Od1dyX4Iz6y0WJHfanu2fg&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/06\/edmonton-oilers-0625.jpg?h=96&strip=all&quality=5&sig=Od1dyX4Iz6y0WJHfanu2fg&ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"Oilers fans react as the Edmonton Oilers lose to the Stanley Cup to the Florida Panthers Monday night. Canadians got another disappointing in inflation data Tuesday, say economists.\n\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/06\/edmonton-oilers-0625.jpg?h=96&strip=all&quality=80&sig=PTcbwyHPfe7PZzbeujuDmg\" fifu-data-src=\"https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/06\/edmonton-oilers-0625.jpg?h=96&strip=all&quality=5&sig=Od1dyX4Iz6y0WJHfanu2fg&ssl=1\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/06\/edmonton-oilers-0625.jpg?h=96&strip=all&quality=80&sig=PTcbwyHPfe7PZzbeujuDmg, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/06\/edmonton-oilers-0625.jpg?h=192&strip=all&quality=80&sig=1QPD7qxJPhPJtJxvSOKKhw 2x,\n                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/06\/edmonton-oilers-0625.jpg?h=288&strip=all&quality=80&sig=iU5G2Lj4grS1z-UHfc9EeA 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Inflation data not as &#8216;disappointing&#8217; as Oilers game<\/span><\/p>\n<\/li>\n<li data-evt-val=\"{\" control_fields=\"\" of=\"\" canada=\"\" interest=\"\" rate=\"\" cut=\"\" could=\"\" hinge=\"\" on=\"\" inflation=\"\" data=\"\" out=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/06\/no0621inflation.jpg?h=96&strip=all&quality=80&sig=M5XnJ1ULwwBPEDGeyaEt7A&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/06\/no0621inflation.jpg?h=96&strip=all&quality=80&sig=M5XnJ1ULwwBPEDGeyaEt7A&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/06\/no0621inflation.jpg?h=96&strip=all&quality=80&sig=M5XnJ1ULwwBPEDGeyaEt7A&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/06\/no0621inflation.jpg?h=96&strip=all&quality=80&sig=M5XnJ1ULwwBPEDGeyaEt7A&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/06\/no0621inflation.jpg?h=96&strip=all&quality=80&sig=M5XnJ1ULwwBPEDGeyaEt7A&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/06\/no0621inflation.jpg?h=96&strip=all&quality=80&sig=M5XnJ1ULwwBPEDGeyaEt7A&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/06\/no0621inflation.jpg?h=96&strip=all&quality=80&sig=M5XnJ1ULwwBPEDGeyaEt7A&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/06\/no0621inflation.jpg?h=96&strip=all&quality=80&sig=M5XnJ1ULwwBPEDGeyaEt7A&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/06\/no0621inflation.jpg?h=96&strip=all&quality=80&sig=M5XnJ1ULwwBPEDGeyaEt7A&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/06\/no0621inflation.jpg?h=96&strip=all&quality=80&sig=M5XnJ1ULwwBPEDGeyaEt7A&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/06\/no0621inflation.jpg?h=96&strip=all&quality=80&sig=M5XnJ1ULwwBPEDGeyaEt7A&ssl=1&w=1600&resize=1600&ssl=1 1600w\" fifu-data-src=\"https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/06\/no0621inflation.jpg?h=96&strip=all&quality=80&sig=M5XnJ1ULwwBPEDGeyaEt7A&ssl=1\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/06\/no0621inflation.jpg?h=96&strip=all&quality=80&sig=M5XnJ1ULwwBPEDGeyaEt7A, https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/06\/no0621inflation.jpg?h=192&strip=all&quality=80&sig=4xtuCsTgdbsZrZSHXqo9yA 2x,\n                                             https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/06\/no0621inflation.jpg?h=288&strip=all&quality=80&sig=d1KKnR4hn0lNPaA5CAangA 3x\" alt=\"None\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Bank of Canada interest rate cut could hinge on inflation data out<\/span><\/p>\n<\/li>\n<\/ol>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-next\" data-carousel-next=\"\" tabindex=\"-1\" title=\"next\" type=\"button\"\/><\/section>\n<p data-async=\"\">The market is now predicting U.S. Federal Reserve officials will announce an interest rate cut in September.<\/p>\n<p>This would continue to lessen concerns around any potential divergence between Canadian and U.S. monetary policy and would only reinforce the Bank of Canada\u2019s confidence in further rate cuts this year.<\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<section class=\"article-content__share-group article-delimiter\" data-evt-val=\"{\" control_fields=\"\" data-evt-typ=\"page_scroll\">\n<p>Share this article in your social network<\/p>\n<\/section>\n<\/div>\n\n<br \/>Economists expect modest decline in inflation<\/a><br \/>\n<br \/>2024-07-15 12:33:12<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Breadcrumb Trail Links News Economy Economists are confident the data will show inflation resumed its downward trajectory after a surprise jump Published Jul 15, 2024 \u00a0\u2022\u00a0 Last updated 2\u00a0hours ago&#8230;<\/p>\n","protected":false},"author":2,"featured_media":49300,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/0716-bc-inflation.jpg?quality=90&strip=all&w=288&h=216&sig=iHgyhcj5cWVRpkxACfAoTQ","fifu_image_alt":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-49299","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/49299","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=49299"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/49299\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/49300"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=49299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=49299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=49299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}