TSX:BPO.PR.A - Post by User
Comment by
Carenaon Apr 05, 2024 9:12am
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Post# 35972344
RE:RE:2024
RE:RE:2024Good morning,
Well it looks like Powell saw this morning's jobs report before he made his comments earlier this week....lol.
(i) US economy seems strong but job growth coming from lower wage areas or government (and its fiscal deficits)
(ii) Immigration (open borders?) might be containing wage inflation which is good.
I just do not know what the impetus is to cut rates in America. Canada a whole different story possibly.
The direction of interest rates is a huge factor for the Brookfield group given their asset heavy and high leverage operating businesses. The only business Brookfield has that is not technically asset heavy/high leverage is BAM.
Some are saying the Fed will not cut until the yield curves de-inverts. We are getting closer, but still a way to go.
Have a great day,
Carena