TSX:AX.PR.E - Post by User
Comment by
Torontojayon Aug 15, 2024 7:59am
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Post# 36180109
RE:FED 50BP CUT IN SEPT
RE:FED 50BP CUT IN SEPTDuring GFC, Fed Funds were held for just over a year at 5.25%. Today Fed Funds is at 5.33% and the last hike was just over a year ago. It is playing out the exact same way as the GFC and the personal savings rate is as abysmal as it was in 2008. The only way it mean reverts is if we get a major recession.