Bank of Canada Advised to Avoid Fed's 2022 Inflation Fight as Job Market Reshapes Rate Cut Outlook
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The Bank of Canada needs to avoid fighting inflation in 2024 like the Fed did in 2022, says CIBC.
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December jobs report blew past expectations, adding 216,000 jobs; reshapes Fed's 2024 rate cut plans.
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PIMCO strategist Tony Crescenzi advises "don't fight the Fed in 2024"; believe in its ability to foster price stability.
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Tiger Global snapped 2-year losing streak with 28.5% gain in 2023; outperformed peers like Viking Global.
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Euro zone inflation rebounded in December after 7 months of declines as energy aid ended; highlights ECB's rocky path back to 2% target.