{"id":123009,"date":"2023-07-16T00:36:28","date_gmt":"2023-07-16T00:36:28","guid":{"rendered":"https:\/\/dripp.zone\/news\/inflation-is-going-to-be-around-3-going-forward-crypto-news\/"},"modified":"2023-07-16T00:36:30","modified_gmt":"2023-07-16T00:36:30","slug":"inflation-is-going-to-be-around-3-going-forward-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/inflation-is-going-to-be-around-3-going-forward-crypto-news\/","title":{"rendered":"Inflation is going to be around 3% going forward\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<p>Bank of Canada (BoC) Governor Tiff Macklem expects inflation to be around 3% for next year and then gradually move back to the 2% target.  In an interview with The Globe and Mail, he mentioned that the labor market has eased a bit but still remains very tight.  He explained that they need to see a better balance in the labor market and a moderation in wage growth. <\/p>\n<p>He is surprised by the ongoing strength in demand in the economy.  Regarding inflation, Macklem mentioned that he is amazed by the persistence of underlying inflationary pressures.<\/p>\n<p>&#8220;It&#8217;s not working as quickly or as powerfully as we thought&#8221;, said Macklem explaining why the central restarted interest rate hikes. <\/p>\n<h2 class=\"fxs_headline_medium\">Market response: <\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/usdcad\">USD\/CAD<\/a> rose further above 1.3220 following Macklem&#8217;s comments.  The Loonie was among the worst performers on Friday.<\/p>\n<p> <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: Bank of Canada (BoC) Governor Tiff Macklem expects inflation to be around 3% for next year and then gradually move back to the 2% target. In an interview with The Globe and Mail, he mentioned that the labor market has eased a bit but still remains very tight. He explained that they need to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":15861,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,697,248,4819,251,246,257,255,250,252,247,253,249,498,256,254],"class_list":["post-123009","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-boc","tag-bsc","tag-central-banks","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-usdcad","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/123009","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=123009"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/123009\/revisions"}],"predecessor-version":[{"id":123010,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/123009\/revisions\/123010"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/15861"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=123009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=123009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=123009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}