A note via Scotia, in brief:
- In the United States, we forecast a rate liftoff in March, and foresee a total increase of 175bps in 2022. A less robust labour market in the United States and a need to fully taper asset purchases explain the slightly less aggressive path for the Federal Reserve than the Bank of Canada.
And add that US:
- inflation would remain uncomfortably high through 2023 even if rates rise as we predict
More of this?
