Avalanche Coming.
Get ready for an avalanche of recession warnings across all media platforms. That's the conclusion from last week’s Consumer Price Index (CPI) report, as inflation hit yet another 40 year high which almost guarantees that the Fed announces on July 27th that it will raise interest rates by at least another 0.75%, putting even more pressure on the economy.
Indeed, after the Bank of Canada last week hiked interest rates by 1.0%, by Wednesday evening US bond futures markets were pointing to a 78% probability of a full 1.0% raise by the Fed at that next meeting.
“Peak Hawkishness/Peak Inflation”…
The skinny
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