https://betterdwelling.com/us-federal-reserve-pledges-to-control-inflation-even-if-they-have-to-kill-growth/ Canada’s Fastest Growing Real Estate News Source Tue, 22 Mar 2022 14:43:19 +0000 hourly 1 https://betterdwelling.com/us-federal-reserve-pledges-to-control-inflation-even-if-they-have-to-kill-growth/#comment-81723 Tue, 22 Mar 2022 14:43:19 +0000 https://betterdwelling.com/?p=20019#comment-81723 Recency bias (“people keep saying rate hikes are coming and yet they never do”) combined with a lot of magical thinking (“real estate is such a large part of Canada’s GDP that the BoC would never risk hiking rates”) is blown out of the water by the cold reality that we are at the mercy of the US Fed. The Fed doesn’t care at all the state of Canadian real estate and will hike rates to suit the US economy. Canada can follow with its own hikes, or not and watch the dollar plummet. A conundrum of our own making.

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