RBC Financial Markets Monthly

It's hard to ease rates in the absence of lower inflation

The May 2024 edition of Financial Markets Monthly from RBC Economics includes a forward-looking analysis of Canadian, US and international financial market trends.


"We think persistent unwinding in US price pressures won't come without some slowing in the economy."

Financial Markets Monthly

  • The Fed is anticipated to cut interest rates in December—contingent on a decline in growth and inflation
  • Slowing growth momentum in Canada is reaffirming calls for a June interest rate cut
  • The ECB and BoE are expected to ease rates over the summer but at a relatively slow pace thereafter


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RBC Economics, Financial Markets Monthly, May 2024