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Growth Resilience and Rate Path Under Energy Shock – NBC
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Growth resilience and rate path under energy shock – NBC
The post Growth resilience and rate path under energy shock – NBC appeared on BitcoinEthereumNews.com. National Bank of Canada’s (NBC) Jocelyn Paquet argues that despite the Middle East conflict and higher Oil prices, the U.S. economy should maintain solid growth, with GDP seen at 2.5% in 2026 and 2.1% in 2027. The bank still projects two Federal Reserve rate cuts this year, but acknowledges rising risks that policymakers delay easing as inflati…
The war in the Middle East raises the risk of inflation returning. Markets are 60 percent certain that the European Central Bank could raise interest rates by June. The impact would also be felt in the housing market.
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