BofC Rate Hike Tomorrow

[biglentil]

Market expects a 75 basis point hike tomorrow but a 100bp hike is possible. Temperature is goin up.

[blackpowder]

It will get sobering.

[Oliver88]

Will this slow inflation?

[jazz]

Will this slow inflation?

[beaverdam]

Shoulda went the whole 100 points again. If inflation becomes entrenched, everyone and their dog will be demanding a pay hike, with strikes and labour walkouts. Almost 1/3 of works are employed by government, and what governments are going to piss off that many people and risk getting defeated next election.

[ajl]

One always has to keep in mind that the central bank never raises rates. It is a question of how far they will suppress them by printing new money. If rates are going up then the printing press is being slowed. In a free market environment rates would be 9-10% right now. Also in a free market environment we would not see debt levels get near this high. I could see inflation continuing meaning stagflation is the new and permanent normal.

[littledoggie]

Isn't Blackrock connected to the CCP?