As the evidence keeps pouring in that the U.S. is still mired in an inflationary economy, the possibility that the Federal Reserve will be forced to increase interest rates can no longer be ignored.
Looking ahead to the coming week, the spotlight will be on the US PCE price index, the second estimate of US Q4 GDP, ISM Manufacturing PMI, and a series of speeches from Fed officials.
Municipal investors sit on sidelines waiting for higher rates bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.
Market participants remain attentive to several factors shaping the day's trading landscape, including scheduled Fed speeches, weekly jobless claims data, and private-sector activity readings.
After showing a lack of direction early in the session, Canadian stocks moved modestly lower over the course of the trading day on Tuesday. The benchmark S&P/TSX Composite Index slipped 38.