How will global inflation data shape interest rates? | Morning Markets

As we look to the week ahead, Kevin Kidney, Head of asset allocation, looks at the inflation focused events from major economies as Q2 comes to a close. The US Federal Reserve is releasing the core inflation print and market expectations are at around 2.6% which puts it ahead of target. In the Eurozone we get data from France, Spain and Italy as well as the UK where the general theme appears to be cooling price pressures with some areas of sticky inflation. In addition, the data from the Bank of Canada, the first major economy to lower interest rates is expected to remain below target giving room for further future cuts.