I think the ECB is pretty much a red herring, nobody on this side of the pond really cares or is affected by the Europoors, but BoC just did a 0.25 hike, they tend to be pretty lock step with the US FED, or else the whole country gets fucked given the whole place has a GDP output of a single US state (Texas) and the US is the biggest trading partner. the two economies follow pretty closely and the numbers are showing that Canada is at a breaking point. The BoC has signalled no further hikes.

The US FED doesn't, and shouldn't care about devastation their rate causes to other countries. I don't know if they do 0.5 or 0.25, I couldn't care less. And I think that's really the issue, most people don't, so inflation doesn't care.

The rate hike is completely useless to talk about as long as the bank is meddling and picking who gets money and who doesn't. As long as they are hiking rates, while the geriatrics in congress are pumping money supply by raising the debt ceiling, nobody cares about the rate. The policymaker is not a rational actor, so as disruptive as they may be, planning for it, pretending it matters are a waste of time.

As long as free money is going to someone, capital assets will grow in value and inflation goes up.

The FED is not after inflation, they are after employment... Rate hikes will likely not stop until unemployment is back in the 9-10% range, and good luck since libtard policies have made a two tiered society, the unemployable and people making a bunch of money because they can add.