{"id":320423,"date":"2023-04-12T19:00:12","date_gmt":"2023-04-12T23:00:12","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=320423"},"modified":"2023-04-12T19:00:12","modified_gmt":"2023-04-12T23:00:12","slug":"inflation-cools-but-central-bank-messages-mixed","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/inflation-cools-but-central-bank-messages-mixed\/","title":{"rendered":"Inflation cools, but central bank messages mixed"},"content":{"rendered":"<p>Inflation headlines dominated Wednesday&#8217;s session as the Bank of Canada held the key lending rate at 4.5%, citing progress in fighting inflation. The TSX held onto gains and closed 0.14% higher. Staples, industrials and real estate led, but staples lagged.<\/p>\n<p>Major movers were <a href=\"https:\/\/stockchase.com\/OSK-T\">Osisko Mining<\/a> rallying 4.81%, <a href=\"https:\/\/stockchase.com\/NVEI-T\">Nuvei<\/a> 4.1%, <a href=\"https:\/\/stockchase.com\/HUT-T\">Hut 8 Mining<\/a> -3.36%, <a href=\"https:\/\/stockchase.com\/OGI-T\">Organigram Holdings<\/a> -13.04% and <a href=\"https:\/\/stockchase.com\/BBD.B-T\">Bombardier<\/a> -5.81%. WTI climbed 2% past $83 a barrel while gold remained above $2,000 an ounce.<\/p>\n<p>American indices were trending modestly higher until the mid-afternoon release of the Fed&#8217;s March meeting minutes which signalled a 0.25% rate hike ahead, but in various public appearances regional fed chairs are split on their rate direction. The U.S. indices weakened into the close with modest losses: the S&amp;P -0.41% below 4,100, the Nasdaq -0.8% to fall below 12,000, and the Dow -0.11%. <a href=\"https:\/\/stockchase.com\/AAL-Q\">American Airlines<\/a> announced a profit forecast that disappointed the street and sank 9.25%. <a href=\"https:\/\/stockchase.com\/TSLA-Q\">Tesla<\/a> closed -3.06%, <a href=\"https:\/\/stockchase.com\/WBD-Q\">Warner Brothers Discovery<\/a> -6.23% after criticism from Warren Buffett, while <a href=\"https:\/\/stockchase.com\/AZO-N\">AutoZone<\/a> soared 35.77% and <a href=\"https:\/\/stockchase.com\/PXD-N\">Pioneer<\/a> added 5.31%. The U.S. 10-year yield was 3.409% while Bitcoin slumped 1.2% below $30,000.<\/p>\n<p>&#x26cf; <a href=\"https:\/\/stockchase.com\/OSK-T\">Osisko Mining (OSK-T)<\/a> +4.81%<br \/>\n&#x1f4bf; <a href=\"https:\/\/stockchase.com\/NVEI-T\">Nuvei Corp (NVEI-T)<\/a> +4.1%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/HUT-T\">Hut 8 Mining Corp. (HUT-T)<\/a> -3.31%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/OGI-T\">OrganiGram Holdings Inc. (OGI-T)<\/a> -13.04%<br \/>\n&#x1f682; <a href=\"https:\/\/stockchase.com\/BBD.B-T\">Bombardier Inc (B) (BBD.B-T)<\/a> -5.81%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/AAL-Q\">American Airlines Group (AAL-Q)<\/a> -9.25%<br \/>\n&#x1f697; <a href=\"https:\/\/stockchase.com\/TSLA-Q\">Tesla Inc (TSLA-Q)<\/a> -3.06%<br \/>\n&#x1f4fa; <a href=\"https:\/\/stockchase.com\/WBD-Q\">Warner Bros. Discovery (WBD-Q)<\/a> -6.23%<br \/>\n&#x1f6d2; <a href=\"https:\/\/stockchase.com\/AZO-N\">Autozone Inc. (AZO-N)<\/a> +35.77%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/PXD-N\">Pioneer Natural Resources (PXD-N)<\/a> +5.31%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -1.2%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Inflation headlines dominated Wednesday&#8217;s session as the Bank of Canada held the key lending rate at 4.5%, citing progress in fighting inflation. The TSX held onto gains and closed 0.14% higher. Staples, industrials and real estate led, but staples lagged. [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":174836,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[178],"tags":[],"class_list":["post-320423","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/320423","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=320423"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/320423\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/174836"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=320423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=320423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=320423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}