Not exact matches
The tumult that saw global equity markets begin to fall at the beginning of February was triggered by U.S. jobs data that showed wages grew more
than anticipated, raising worries that signs of higher
inflation might push the U.S. Federal Reserve to increase interest
rates more
quickly.
Canada wasn't the focus of the panel discussion the governor was participating in, but Carney did hint, in passing, that the BoC is willing to put up with higher
than two per cent
inflation in order to avoid hurting highly indebted Canadian households by raising interest
rates too
quickly.
Although the report was great news for U.S. workers, on Wall Street the rosy jobs picture generated fears of higher
inflation that might drive the Federal Reserve to raise interest
rates more
quickly than anticipated.