We are pleased to provide access to the May 2022 edition of Financial Markets Monthly from RBC Economics. This publication provides a forward-looking analysis of Canadian, US and international financial market trends.
Key highlights
- Equities and bonds continue to sell off as markets digest a new central bank regime
- BoC and Fed increased rates by 50 bps and will do so again at upcoming meetings
- RBA hiked interest rates for the first time in a decade and ECB will do the same in July
- BoE raised rates again but divisions are emerging on the appropriate path going forward
- With markets already well-priced for rate increases, yields are expected to stabilize
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