Expectation for July cut now split 50/50: Caldwell
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- čas přidán 3. 07. 2024
- Brendan Caldwell, president and CEO of Caldwell Investment Management, joins BNN Bloomberg to discuss navigating market uncertainty amid rate cut worries.
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The pundits said he would cut rates 7-8 times last year. The Fed follows the data and is either cautiously optimistic or not.
bigger than 50% chance now. the unemployment is very bad as per data released this morning.
Macklem and liberals caused it
Reason for rate cuts … inflation under definite control . Namely core ( median / trim) is close to 2% and data indicate it will remain there for a while. Not there yet. Celebrate the first cut and be content that at least rates are not rising.
They're not under control...have you looked at house and gas prices???
@@JessT-vg7ib food is insane I work in the food industry and every week they go up. go try to buy a new York steak you used to be able to get a nice 1 inch thick pre covid for $10-12 now its $30-34
@@JessT-vg7ib “not there yet “ as indicated in my comment .
First if all the feds never says there would be 7 or 8 rate cuts this year and second the next Fed meeting is end of July, so this guy doesn't even know when or how often the Fed meets, I wouldn't take his opinion seriously.
No cuts! Inflation isn't under control
It's supposed to take around a year for cuts to start having real effects on the economy. The rate cuts now aren't for now. They are for the future and ideally to coincide with a high unemployment rate and an actual recession. This is the soft landing. And no. International students and refugees making your GDP per capita and unemployment look bad isn't an actual recession.
They will not cut in July. It would put them too far away from the states and also, there hasnt been enough time w the current 25bps cut to see data. They will cut next in Q4
60 Cents? last time they were predicting 50 cents. next time 70cents?
BOC cant move too far away from the Fed simple. High rates are here to stay
There is not a single investable stock in Canada right now. The federal government and all other level of governments are so hostile toward business right now, it's a fool to invest in Canada at this political environment..