25 bps hike forecast for July
UBS Securities LLC says that it has changed its forecast for U.S. inflation, and now expects two more rate hikes from the US Federal Reserve Board as a result.“Against the backdrop of hawkish Fed rhetoric and the stronger-than-expected May core CPI this week, we have changed our forecasts for the Fed and for core inflation,” […]
Higher energy prices to persist
More rate hikes may be on the way as the ECB considered a 50 bps move
The risk is that synchronization of monetary tightening by various central banks might slow economic growth more than intended
Inflation fears led policymakers to consider higher increase before settling for 16th straight quarter-point rise
Bank of Canada set to pause
Core and headline inflation are evolving in line with expectations
Overnight rate climbs 25 bps to 4.25%
National Bank Financial Inc. is siding with the markets in suggesting that the Bank of Canada could well leave rates alone tomorrow.“At a time when about two-thirds of economists are expecting a rate hike by the Bank of Canada on Wednesday, financial markets are still pricing this outcome as no better than a coin toss,” […]