U.S. Analysis

What the Fed’s decision on interest rates tells us about challenges ahead

Whether the Federal Reserve hikes or holds interest rates next week isn’t the only thing we’re watching. We have our eye on what happens when inflation in the U.S. and around the world can’t be slowed from rate hikes, because it’s not coming from interest rate-sensitive or demand-led sources. RBC Economics’ Frances Donald explains this big challenge facing central banks and our economies.