Fed Unlikely To Cut Rates This Summer | Powell Says Economic Data Still Too Strong

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In this episode, it looks like the US Federal Reserve is not likely to cut rates of interest this summer. Stronger-than-expected financial information and current remarks from policymakers suggest preserving the existing policy. Traders now expect just one rate cut by the end of the year, impacting markets and highlighting the Fed's cautious position.

Likewise in this episode:
The U.S. and Canada transfer to T +1 settlement cycles, minimizing settlement risk and improving market effectiveness.

Canada's Competition Bureau investigates Loblaw and Sobeys for alleged anti-competitive practices in their lease arrangements.

JPMorgan Chase CEO Jamie Dimon alerts of potential financial difficulties, including the threat of stagflation and unforeseeable rate of interest.

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Fed Unlikely To Cut Rates This Summer | Powell Says Economic Data Still Too Strong

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About the Author: Richard Money

7 Comments

  1. Good discussion around the anti competition around loblaws! I feel like this is windows dressing based upon how weak the competition bureau is compared to the US and EU. I have yet to see they penalize anything close to what our neighbors have done. Oligopolies are a normal part of Canadian life. Telco, big bank etc hope it’s actually turns into something. What do you think?

  2. Buy well managed businesses and invest for the long term. Ignore Dimon. Sky is not falling. End of story.

  3. I totally don’t expect a rate cut by the Fed this summer. I can’t believe people are talking about the BOC cutting in June. Given the crazy valuations in the real estate market and crazy rents I just can’t believe the BOC would cut so quickly.

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