TSX:AX.PR.E - Post by User
Comment by
Torontojayon Jul 31, 2024 5:22pm
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Post# 36157089
RE:RE:FCR couldnt gain on strong results
RE:RE:FCR couldnt gain on strong results
DZtrader wrote:
Sorry Fed is right on target and has telegraphed everything very clearly over the last year. They have indicated a September cut which at this point would likely take a reasonably significant bit of data to derail. Thanks just the same.
You are wrong.
The Fed revised their dot plot and changed their forecast from 3 rate cuts to just one. They are data dependent remember?
I would follow the bond market not the Fed.
https://www.bankrate.com/banking/federal-reserve/how-to-read-fed-dot-plot-explained/