CIBC's Stretch Says BOE Hike in November too Aggressive

The video discusses the likelihood of a rate hike in November, contrasting it with February expectations. It highlights the differences between economists and money markets, emphasizing the need to focus on data and fundamentals. The discussion covers the erosion of spare capacity, sub-trend growth rates, and the squeeze on real earnings. It also examines consumer spending, retail sales, and their potential impact on rate expectations, noting the resilience of consumers despite rising food prices.

What is the likelihood of a rate hike occurring in November according to the money markets?

What factors are contributing to the current wage environment and its impact on real earnings?

In what ways might the rise in food prices affect discretionary spending?

What are the implications of the delayed retail sales report for the Bank of England's decisions?

How does consumer spending relate to the Bank of England's rate decisions?