Less Restrictive

Published on June 10, 2024 by Premium

A rising unemployment rate sets the stage for the Fed to join other global central banks in moderating its degree of policy restrictiveness. This past week both the Bank of Canada and ECB cut by 25bps noting progress on inflation, but also emphasizing that their stance of policy remains restrictive. The tremendous post-pandemic surge in inflation has waned, so there is no need for rates to be at multi-decade highs. The same story is playing […]

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