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2026-05-27 21:13:59
[Rising Inflation Expectations Increase Risk of Rate Hikes; BNY Warns Fed Shift Could Force Global Central Banks to Follow Suit] Global inflation expectations continue to rise against the backdrop of the unresolved US-Iran conflict, increasing the likelihood of rate hikes by the Federal Reserve and other central banks. Bob Savage, head of macro strategy at BNY Bank, warned that even signals of a return to tightening policies could alter global expectations, forcing other central banks to follow suit to avoid exchange rate and inflationary pressures driven by dollar-denominated commodities.
