First Republic collapse: What does it mean for Canada and the U.S. Fed?

The Federal Reserve is on track to raise its benchmark interest rate for the 10th time on Wednesday, the latest step in its yearlong effort to curb inflation with the fastest pace of hikes in four decades.

Yet economists and Wall Street traders will be more interested in what the Fed and Chair Jerome Powell signal in a statement and at a news conference about what comes next — a question with implications for not just the U.S. economy, but Canada’s as well. ---More...

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