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Will the Fed hike interest rates this month?
Over the past several years, Wall Street and Washington, D.C., have grown used to being able to reliably predict what the Federal Reserve would do at its interest-rate meeting, weeks before the gathering took place. But now we're in a new era. Instead of guiding the market toward the likely outcome of the upcoming meeting, the new Fed chair, Kevin Warsh, has remained silent about the central bank's plans. This leaves investors and analysts to ruminate amongst themselves. There's reason to believe the Fed will continue to hold rates steady, as it has so far this year. Inflation is showing signs of cooling, and Warsh, ... (full story)
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From economics.bmo.com | 18 hr ago
This is an unusual time for markets, with a reasonable debate for both sides on whether the next move by central banks will be to hike or cut interest rates. Certainly, markets are leaning to at least one hike by the Fed and perhaps half of one by the Bank of Canada by the end of 2026, but theres not much conviction. All it would take to wash away those ...