Brookfield Office Properties Inc T.BPO.PR.P

Interest Rate Outlook

[pierrelebel]

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.

[wynner]

 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.

[pierrelebel]

From Yahoo Finance today: Jerome Powell made it clear Wednesday that he is ready for the inevitable political blowback if the Federal Reserve does in fact cut rates at its September meeting, just seven weeks before Election Day. When asked at a press conference if the Fed could, in fact, remain apolitical in taking such an action, he said, "I absolutely do." "Anything that we

[SONOFFERGUS]

Does he want to work (for a short time, until fired and replaced by a flunky) for the former guy?  I have a funny feeling the data will support a cut in September.  Maybe more than 25bps!