The invasion of Ukraine by Russia has thrown a major wrinkle into the debate about how high the U.S. Federal Reserve Bank and Bank of Canada can raise interest rates before hurting their respective economies.
Some forecasters say the Fed will raise rates as many as nine times.
Others say not a chance. And that they’ll be lucky to raise twice before having to pause.
Here’s some insight on the conundrums for central banks from John Johnston, Economic Advisor, Davis Rea Investment Counsel, and his colleague John O’Connell, in the final instalment of our five-part video series, Future Proof Your Portfolio: Five Global Themes Impacting Your Investments.