TSX:NWH.DB.G - Post by User
Comment by
TheBridgeon Jul 16, 2024 10:44am
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Post# 36134620
RE:Baby Step
RE:Baby StepTheBridge wrote: First meaningful baby step in upward share price coming in September, followed by many more steps as the Fed slowly but regularly cuts the interest rates. Hoping it turns out to be worth the wait.
Some positive news might help this share price continue its slow climb up. This morning Bloombers's Joe Wesenthal in"Five Things to Start Your Day " stated-- The big macro news yesterday was Goldman Sachs top economist Jan Hatzius declaring that the economic data in the US justifies a rate cut at the Fed's decision at the end of July. But that the markets are still indicating very slim odds of a cut.
And this morning in the G & M -- Downbeat Bank of Canada Businesses and Consumer Surveys raise odds of a second rate cut at the central bank's next rate announcement on July 24.
It appears that banks rates are finally starting to move in a direction that should be helpful to our situation here.