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5 Things to Know Today — September 22, 2026

  September 22, 2026 BoC hike odds reach a coin flip. Oil retreats from four-month highs. Trump's Belarus potash play draws fire. A new federal bill speeds up major projects — with strings attached. Here's what moves your money today. 1. BoC October Hike Is Now a Coin Flip The Bank of Canada next meets October 28 , and markets are evenly split on whether it will raise rates for the first time since cutting to 2.25%. The whiplash is largely imported: after the U.S. Federal Reserve hiked 25 basis points to 3.75–4.00% on September 16 in a unanimous 12-0 vote — the first American rate increase since July 2023 — market-implied odds of a matching BoC move jumped from below 10% to roughly 60% in two weeks, according to LSEG Data & Analytics. Before the BoC's September 2 hold, odds of a hold sat at 94%. The 175-basis-point gap between the BoC (2.25%) and the Fed (3.75–4.00%) is the widest since 2022, which puts direct downward pressure on the loonie and upward pressure on Ca...
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Wall Street Nervously Awaits Key Inflation Data

 

Wall Street is treading cautiously today as investors eagerly anticipate the latest inflation report. The Federal Reserve’s hawkish stance on monetary policy has kept the market on edge, and this data release could provide crucial insights.

What’s Happening?

  • Modest Losses: Futures for the S&P 500 and the Dow Jones Industrial Average are down by 0.3% ahead of the opening bell. Despite this, Wall Street remains on track for a positive February, even after a somewhat challenging week.

  • Inflation Focus: The Commerce Department is set to release its report on consumer spending, which includes a closely watched measure of inflation. The Federal Reserve has recently paused its interest rate hikes after raising rates to a 22-year high. The central bank’s primary goal is to manage inflation, and any surprises in today’s data could impact their next moves.

  • Analyst Expectations: Economists predict that year-over-year inflation ticked down in January to 2.3%, compared to December’s 2.6%. The Fed’s target is 2%, so any deviation from this level will be closely scrutinized.

  • Corporate Highlights: Processed food maker Hormel surprised the market by beating profit targets, leading to a nearly 5% premarket jump. However, cloud-computing company Snowflake faced a different fate, plummeting over 22% after announcing the immediate retirement of CEO Frank Slootman. Sridhar Ramaswamy will take the reins.

  • Global Markets: In Europe, Germany’s DAX and Britain’s FTSE 100 are showing resilience, each adding 0.4%. Tokyo’s Nikkei 225 index closed 0.1% lower, with factory output declining at the fastest pace since May 2020.

Investors are keeping a close eye on inflation data, hoping for clarity on the Fed’s next steps. As the market navigates uncertainty, it remains to be seen how Wall Street will react to the numbers. Stay tuned for further updates!


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