❗️📊 Economists Expect Canada And Switzerland Inflation Close to Target: Cable FX Macro
- Rosbel Durán
- Oct 10, 2023
- 1 min read
**As seen in Macro Walk report 10/06/23, subscribe at cablefxm.co.uk/reports
The inflation section in our Macro Walk report shows price measures changes vs central bank goals. As of our last update, Switzerland is the only country to hold inflation metrics below the central bank's price target
The table found at the bottom of the section lists actual inflation, above/below target comparison, and inflation forecasts. The median survey sees Swiss and Canadian prices close to their respective central bank's targets by year-end
Economists expect Canada consumer prices to average 3.9% in 2023, Switzerland is seen at 2.2%. For the U.S., the Fed's preferred measure of inflation is expected to average 4.2% this year, this is 2.2 percentage points above the FOMC's mandate
The projections come to show inflation stickiness in the U.S. as the Fed policy rate is the highest in the developed world (only the RBNZ matches the level in benchmark rates)
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