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A 50-bps rate hike in June is “virtually guaranteed” after April’s hot inflation reading

Author: 
Steve Huebl
Publication date:
May 18, 5022
Article Summary: 

The article titled "A 50 bps Rate Hike in June is Virtually Guaranteed after April's Hot Inflation Reading" discusses the high likelihood of a 50 basis points (bps) interest rate hike in June following a significant inflation reading in April. The article explains that the hot inflation reading indicates rising price pressures and poses a concern for the central bank. It explores the potential impact of the rate hike on mortgage rates, borrowing costs, and housing affordability. The article advises borrowers to consider their financial plans, evaluate the potential effects of higher interest rates, and seek expert advice to make informed decisions.

Keywords: 

Rate hike, June, Virtually guaranteed, Inflation reading, Hot inflation, Rising price pressures, Central bank, Mortgage rates, Borrowing costs, Housing affordability, Financial plans, Higher interest rates, Expert advice, Informed decisions.




Source Citation: 
Steve Huebl
A 50-bps rate hike in June is “virtually guaranteed” after April’s hot inflation reading
May 18, 5022
https://www.canadianmortgagetrends.com/2022/05/a-50-bp-rate-hike-in-june-is-virtually-guaranteed-after-aprils-hot-inflation-reading/
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