TSX:AX.P.E - Post by User
Post by
garyreinson Apr 18, 2024 9:31pm
51 Views
Post# 35997213
HIKES!
HIKES!Its called the boiling frog approach, where they switch the narrative one small step at a time
6 cuts expected- inflation fell
3 cuts - to be cautious
no cuts - economy to strong
Another hike! Controlled narrative to sucker in money during strong Dec-Jan seasonality only to get those buyers be down huge a few months later. wall street- legal way to take your $
"A selloff in U.S. government debt pushed the policy-sensitive 2-year rate to a five-month high on Thursday after a Federal Reserve official did not rule out the possibility of a rate hike."
"The once-unthinkable scenario of no interest-rate cuts by the Federal Reserve in 2024 is now giving way to another possibility: a slight chance of a quarter-point rate hike by June.This latest scenario can be seen in the market-probability tracker of the Fed’s regional bank in Atlanta, where options on the Secured Overnight Financing Rate traded at levels that implied a roughly 3.6% chance of a quarter-point hike for June, as of this week. Such action would lift the fed-funds rate target to between 5.5% and 5.75%, from a current level of 5.25% to 5.5%."