RE:Canadian Banks Downgraded to Sell if rate hike gonna drag down the economy, then why would the fed hike rate?
if inflation need to be quenched, why the fed didn't raise rate at their Jan 26-27 fed meeting? Why wait for March meeting, if any?
That's why i said SU should reinforce its balance sheet with debt payment and share buyback.
angelnicky wrote: due to slowing economy with high interest rates
D’Souza acknowledged that higher interest rates will boost the banks’ net interest margins, or the difference between what they charge for loans and what they pay in interest on deposits. However, he said that those higher rates will eventually drag down economic growth and create renewed risk for the banks’ loan books.