Ready, Set, Hike

 

 

 

 

 

 

The Federal Reserve (Fed) meets this week and in all likelihood will raise short-term interest  rates for the first time since emergency levels of monetary accommodation were provided to markets after the COVID-19 shutdowns. Inflationary pressures are running higher than the central bankers are comfortable with, but the conflict in Eastern Europe adds to the uncertain path of policy normalization. Prospects of yield curve inversion make the Fed’s job
trickier.

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