Rate Rise

Earlier this week, in a somewhat surprising move, the Bank of Canada bumped rates 25bps to 4.875%, after a two-meeting pause in hikes, and the Reserve Bank of Australia also raised rates, it’s 12th rate hike since 5/22, by 25bps to 4.1%. Moreover, the RBA suggested that more rate hikes are on the way. These increases give the Fed the greenlight to hike rates at this meeting or their next.