Post by
SNAKEYBOY on Mar 05, 2023 11:42am
BOC MEETING THIS WEEK
I read they are going to keep rates at 4.5% this year.....I agree they probably wil do a courtesy hike in the summer if the FED keeps going and inflation takes off again
Comment by
SNAKEYBOY on Mar 05, 2023 11:43am
How will REITS react is the million dollar question
Comment by
CatchTheDip on Mar 05, 2023 1:40pm
We have certainty on rates (to an extent). Whichhl means we have certainty on interest Expense. Some uncertainty on fair values, although we don't expect major changes. Back to office is happening, covid uncertainty is gone. Last uncertainty is a recession, and if it will be mild or even come. Rate cuts will be a turning point.
Comment by
Frankie10 on Mar 05, 2023 9:08pm
Couldn't disagree more - if they don't raise now, they will have to raise more later. Pivot is contrary to the data and history. Probability of pivot is small.
Comment by
CatchTheDip on Mar 05, 2023 9:45pm
Rates will end up within 1% of where they are now, that is the certainty (as mentioned, to an extent). 1% won't kill reits. Pivot will come, in time. Maybe in 12 months.
Comment by
Frankie10 on Mar 05, 2023 10:45pm
Nobody predicted the economy would be this strong with rates this high, myself included. There is no certainty.