Here are five things you need to know this morning.
Markets seem poised for overall gains today, as traders bet that inflation data later this week with give the U.S. Federal Reserve licence to keep cutting interest rates as swiftly as they hope. Expectations for the CPI print on Thursday are for the headline rate to cool to 2.3 per cent, down from 2.5 per cent previously. That’s still hotter than the current pace in Canada, where the last inflation number showed the uptick in the cost eased to two per cent.
And profit decreased to $2.93 billion from $3.09 billion before. Shares are down about one per cent in the premarket, for a stock that has mostly moved sideways this year and missed out on the overall market rally and a noteworthy 17 per cent gain for rival Coke.Hurricane Milton is churning its way across the Gulf of Mexico, gathering strength as it goes. It’s already a Category 4 storm, enough to make it one of the strongest to ever make U.S.
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