TSX:AX.PR.E - Post by User
Comment by
Torontojayon Oct 06, 2024 5:08pm
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Post# 36255304
RE:RE:FYI
RE:RE:FYI
garyreins wrote: Devils advocate- whats the justification? Things need a catalst. Businesses are not just going to start laying off people. They are cutting rates so the overnight rate shoould be closer to neutral in 2025.
just an fyi, they cut rates by 50 bps in September 18, 2007 and 50 bps on September 18 2024. Lowering rates didn't prevent anything prior to the GFC. The lag effect had already kicked in.