Global Markets: U.S. inflation rate slowing

By MarketsFarm

WINNIPEG, Feb. 14 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

• The annual rate of inflation in the United States dipped slightly in January, coming in at 6.4 per cent compared to 6.5 per cent in December, according to the country’s latest report on consumer prices. The inflation data marked the seventh straight year-over-year slowdown but is still well above the Federal Reserve’s 2.0 per cent annual target.

• Nikki Haley, the former U.S. ambassador to the United Nations, has announced that she will run for president in 2024. Haley becomes the second Republican after former President Donald Trump to announce a presidential bid.

• New Zealand has declared a national state of emergency after Cyclone Gabrielle battered the northern part of the country. Widespread flooding, road closures and power outages were reported.

---

Newsletter Sign Up - Get access to essential information on Canada’s cattle industry daily.

One email delivered 6 days a week for ranchers, feedlots, packers and livestock sales operators.

Your Email(Required)

Your Postal Code(Required)

Consent

I consent to receiving emails from Glacier FarmMedia, its affiliates and divisions and third parties, containing agriculture news, updates and promotions. I can unsubscribe at any time

Email

This field is for validation purposes and should be left unchanged.