While inflation2 is still a bit below the FOMC's target, most forecasters expect inflation to rise to, or near, the Fed's 2 percent target by the end of 2018. (ritholtz.com)
That exceeds what most forecasters were predicting. (rocklandtimes.com)
The case for lower interest rates is weaker, but most forecasters still expect the Bank of Canada will wait at least a year to raise borrowing costs. (canadianbusiness.com)