Ian is joined by Andrew Grantham, and the duo begin the episode discussing the FOMC rate decision. Andrew lays out the logic behind his forecast for a July and September hike, while Ian walks through the implications for the Bank of Canada. Ian introduces his new bond forecasts and talks about why current market pricing for the Bank and the Fed looks so strange compared to prior cycles. Andrew talks about his economic outlook for 2024 and highlights the upcoming weighting changes for CPI next week.