RE:TD target of 6 rate cuts looking like a long shotAgreed. I don't think people realize how anomalous a zero interest policy is. In an ever-aging society, there are many who are reliant on a safe, steady income just to maintain their meagre standard of living. Yields on bonds have to be suffient to make the investment worthwhile for this demographic.
Historically, current rates are nowhere near being egregious. I am not an economist, but I view expectations of six rate cuts as tantamount to calling for a recession.
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flamingogold wrote: I maintain 2-3 cuts for this year at most with maybe 1 this Spring to help resuscitate a comatose real estate market (which Canada is so heavily tied to) and the rest in the back half. With sticky inflation, 6 cuts as predicted by TD must be based on a hard landing scenario.
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