RE:Yesterday vs today I'm expecting a .25 cut. If they do .5 it will send a message that the FED is behind the curve and the market is quickly deterioating. Remember covid when they cut a full pt? The good news is that once the cutting starts, it will continue for quite awhile bringing a lot of relief for debt heavy corps and consumers.
Here in Canada though, the situation is slightly different. Canada yesterday reached their 2% target, actually a little quicker than expected. So on Oct 23 I expect the BoC to drop a .5% to boost the economy and prevent further slowing.
Bottom line, the soft landing in under way.
stockitnow wrote: Feds are going reduce rates today. Is it going to 25pts or 50pts. Either way more rate cuts are coming in Canada and USA.
Are we going to see jump in Bombardier sp today because of rate cut or was yesterday climb pricing in the rate cut.
Usually rate cut gives boost to stock market, hopefully Bombardier gets the boost to go over $100 today. Fingers crossed.