Rates Scenario – U.S., Canada and Overseas Outlook (Dec.)
- Keywords:
- interest rates
It looks like economic growth for 2022 was not as bad as everyone feared. The bad news is recession calls are getting pushed into late 2022 and 2023. This uncertainty is making central bankers' jobs that much more difficult as they continue to tighten in efforts to battle inflation rates that are far, far from target. But the year is ending with a notable twist as policymakers are all over the map, with some super hawkish and others less so.
Jennifer Lee, BMO Senior Economist and Managing Director Economics, contributed to this article.
Read more
Michael Gregory, CFA
Deputy Chief Economist & Managing Director
Michael is part of the team responsible for forecasting and analyzing the North American economy and financial markets. He has spent his career working in either ec…(..)
View Full Profile >It looks like economic growth for 2022 was not as bad as everyone feared. The bad news is recession calls are getting pushed into late 2022 and 2023. This uncertainty is making central bankers' jobs that much more difficult as they continue to tighten in efforts to battle inflation rates that are far, far from target. But the year is ending with a notable twist as policymakers are all over the map, with some super hawkish and others less so.
Jennifer Lee, BMO Senior Economist and Managing Director Economics, contributed to this article.
What to Read Next.
Still Recession Bound?
Sal Guatieri | December 02, 2022 Economic Insights
Despite an onslaught of Fed tightening, the U.S. economy is holding tough. Third-quarter GDP growth was revised up to 2.9% annualized and consumer sp…
Continue Reading>
Tell us three simple things to
customize your experience.
