U.S. Inflation Numbers Set the Stage for More Hikes from a Hawkish Fed

With inflation soaring, the U.S. Federal Reserve is widely expected to hike its target rate by another 50 basis points, taking it into the 1% range). And it’s not done yet. This morning’s May inflation numbers were once again above expectations, with year-over-year CPI growth hitting a new multi-decade high of 8.6%. With unemployment at […]

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