Inflation slowed to 5.9%, down from 6.3% in December
Bank of America, Goldman Sachs predict U.S. will hike rate to 5.25% or 5.5%
TD, CIBC predicting 6.2% and 6.4% respectively for January Canadian inflation
Unanimous agreement that central bank's action to date had been forceful
Post-pandemic economy has "confounded all sorts of attempts to predict what it will do"
Few want to sell, fewer looking to buy, January sales down 44.6% year over year
Equities bounced back but fixed income remained weak amid restrictive monetary policy
The increase represents the fourth consecutive quarter that the rate has climbed
Wage-price spiral risk down, inflation forecast to fall to 2% by 2024
Deutsche Bank forecasts Bank of England’s 2% target reachable in 2024