June 10, 2022
2 min

Fed on a trajectory of 50-basis-point hikes beyond July

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Higher interest rates are expected on both sides of the border with the Central Bank of Canada likely to follow the Fed. Corporate treasurers should finance projects with today’s money, rather than wait.

US inflation accelerated to a fresh 40-year high in May, a sign that price pressures are becoming entrenched in the economy. That will likely push the Federal Reserve to extend an aggressive series of interest-rate hikes.

“The next CPI report... will likely keep the Fed on a trajectory of 50-basis-point hikes beyond July, even though the economy is cooling.” - Bloomberg

US Inflation Quickens to 40-Year High

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