Leading indicators point to stable growth in most countries, but not in Europe
Inflation-targeting policies have been successful until recently
The observations came in the Fed's semiannual Financial Stability Report
The cautious approach will exasperate a global energy crunch
More rate increases could be in the pipeline based on the latest economic outlook
Several countries see double digit inflation as energy prices spike
Deputy governor Carolyn Rogers said a clear view of the future has been hard to come by over the last two years
Reasons include supply bottlenecks, 38% rise in energy prices
Central banks miscalculated and find themselves behind the inflation curve, CIO told a Canada Life event
FP Canada and the IQPF released their 2022 guidelines