US Will the fourth 75 basis-point rate hike be the last major rise before the Fed downshifts in December? Next week’s FOMC decision is widely expecting a unanimous vote for one last major rate increase. With the Fed’s preferred price measure still showing inflation is running hot, that might make it harder for them to […]
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BoC Governor Tiff Macklem delivered a clear warning that the Bank of Canada is becoming increasingly uncomfortable with the inflation risks created by the Middle East conflict. While policymakers are still willing to “look through” Read more…
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Chicago Fed President Austan Goolsbee said the Iran conflict is increasingly behaving as an inflationary shock rather than a stagflationary one, a distinction that carries important implications for monetary policy. Speaking after attending the Milken Read more…