Inflation Is Coming Down - What's Driving the News?

The US Federal Reserve raised interest rates by 0.25 of a percentage point, the first normal size hike since starting to bump up rates last March up to 4.75%. The Bank of Canada is putting rate hikes to bed until further notice on the belief that Canadian headline inflation will fall to 2.6% by years end. Europe is in a similar boat ahead of the European Central Bank's decision today. A new reading projected Eurozone inflation dropped by 8.5% January.