U.S. And Canada Economic Data Highlights: Week Of Oct. 26, 2026

This report does not constitute a rating action. SAN FRANCISCO (S&P Global Ratings) Oct. 26, 2026--S&P Global Ratings expects the Federal Reserve to raise the fed funds rate by 25 basis points (bps) at this week's meeting as inflation pressures remain elevated. The upcoming personal consumption expenditures (PCE) inflation release is also likely to reinforce the view that price pressures remain persistent, with annual PCE inflation expected to rise to 3.7% in September. The third-quarter real GDP is likely to expand 3.6% annualized, according to the advance estimate, up from 2.2% in the second quarter. Meanwhile, we expect the Bank of Canada (BoC) to leave its policy rate unchanged at 2.25%, marking an eighth consecutive meeting on hold. While headline

...October 26, 2026 This report does not constitute a rating action. SAN FRANCISCO (S&P Global Ratings) Oct. 26, 2026--S&P Global Ratings expects the Federal Reserve to raise the fed funds rate by 25 basis points (bps) at this week's meeting as inflation pressures remain elevated. The upcoming personal consumption expenditures (PCE) inflation release is also likely to reinforce the view that price pressures remain persistent, with annual PCE inflation expected to rise to 3.7% in September. The third-quarter real GDP is likely to expand 3.6% annualized, according to the advance estimate, up from 2.2% in the second quarter. Meanwhile, we expect the Bank of Canada (BoC) to leave its policy rate unchanged at 2.25%, marking an eighth consecutive meeting on hold. While headline inflation has picked up on higher energy prices, underlying inflation remains contained, and there is still limited evidence that these cost pressures are spreading broadly across the economy....

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