Fed’s hawkishness casts doubt on Bank of Canada’s soft landing ...Qatar

Gulf Times - News

The Federal Reserve’s efforts to step up its fight against inflation will cast doubt on the Bank of Canada’s ability to limit its own interest rate hikes. At a decision on Wednesday, Chairman Jerome Powell signalled Fed officials are poised to increase borrowing costs by more than expected, and are willing to tolerate much slower growth in the process. It’s an increasingly foreboding outlook for the US that raises questions about whether Bank of Canada Governor Tiff Macklem will be able to pull off the soft landing that many analysts still expect. Canada is seen having both faster growth and lower interest rates over the next three years - a peculiar mix of economic outcomes that assumes t

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Last updated : 23 September 2022 clock 09:40 PM

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Fed’s hawkishness casts doubt on Bank of Canada’s soft landing ...Qatar

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