The Daily Chase: Inflation fight necessary 'kamikaze mission'; Tentative U.S. railway deal
BNN Bloomberg
In the last 48 hours or so, several Canadian economists and strategists have publicly signalled that the Bank of Canada simply can’t afford to go light in its fight against inflation.
INFLATIONARY THREAT AVERTED (tentatively)
U.S. Labor Secretary Marty Walsh announced in a tweet at 5:08 a.m. EDT that a tentative agreement had been reached to avert a rail strike that threatened to gum-up supply chains and add to price pressures. “Our rail system is integral to our supply chain, and a disruption would have had catastrophic impacts on industries, travellers and families across the country,” he stated. We’ll get analyst insight from Cowen & Co.’s Jason Seidl at 11:10 a.m. EDT. Shares in CSX, Norfolk Southern, and Union Pacific are all rallying in pre-market trading.
MARKET WATCH
