Canadian borrowers hoping that the U.S. central bank would signal that rate hikes were over were once again disappointed after the Federal Reserve chair Jerome Powell not only hiked rates by a half a point to a 15-year high but promised more increases in the new year.Just as in Canada last week, some optimists hoped a recent decline in U.S. inflation would mean a quarter-point increase in rates was all that was needed, followed by a pause.
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