U.S. Inflation Genie Comes Out to Party; Canada’s Stays in the Bottle

Abstract:
Just released data for March 2008 shows that inflation in the U.S. is running at a rate about three times as fast as in Canada − +4.0% year over year for the U.S. Consumer Price Index (CPI) versus +1.4% in Canada. What are the implications for interest rates in both countries?

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