With the June employment report suggesting fears of an imminent recession are misplaced, the Fed looks set to press ahead with aggressive rate hikes over the coming months. That said, recent sharp declines in commodity prices may, if sustained, soon give officials pause for thought.
Canada Drop-In (13th July): We’re holding a briefing on the Bank of Canada decision shortly after the Wednesday 13th policy announcement. Register to join our discussion about how fast and far rates will rise, housing market risks and the outlook for the loonie. Register now.
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