WHEN ARE THE ANTICIPATED RATE CUTS COMING...BANKS GIVE UP!The Charlatan of this Board, Wall street and Bay Street have sucked everyone in to a stock buying euphoria and thinking Powell is a pushover. Rates aren't coming down because there is no reason for them to do so. Inflation is still not at target (2%), unemployment is low because of people having to take 2nd jobs to survive and the economy, as falsely pumped up as it is, is still showing signs of strength. So no reason to cut rates...hence higher for longer is the theme. Powell doesn't want to lower rates only to raise them again. He'll lose credibility like a poster on this board predicting sherritt will moonshot and has had as much success as a guy with ED in the biggest bull market in history.
https://www.bnnbloomberg.ca/goldman-sachs-bank-of-america-throw-in-the-towel-on-fed-rate-cut-in-march-1.2029634