Global Central Banks Brace for Rate Hikes as Inflation Surges, While US-Canada Trade Skirmish Simmers

• Global Bond Yields: Multi-year highs as oil prices and rate expectations drive yields up
• Euro Zone Inflation: 3.3% in August, highest since Sept 2024
• US Inflation: 3.7% headline, stuck above 2% target for 5+ years
• Japan Rate Hike Odds: 90% chance of a 25bp hike in September

The Checkup

The world's central banks are converging on a hawkish stance as inflation proves stubbornly persistent. The European Central Bank is now 98.9% likely to...