TSX:BPO.PR.A - Post by User
Comment by
wynneron Aug 01, 2024 12:11pm
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Post# 36158466
RE:Interest Rate Outlook
RE:Interest Rate Outlookpierrelebel wrote:
In the USA, the Federal Reserve Bank has kept its interest rates unchanged today.
Many now expect a lower rate in September. Maybe, maybe not. The Fed usually does not move rates a few weeks before a federal election. Their following meeting would be two days after the election.
In Canada the yield on the 5 year Canada bond keeps going down, trading slightly below 3.09% late this afternoon.
Powell says a rate cut for September is "on the table". UK just cut 0.25. Two more in Canada before the BPO.PR.A has a reset. Got my divis in for X and W.
Just the begining. Begin the begin.