Canada's inflation rate has receded to 2.5%. With the Bank of Canada meeting again on September 4th most experts are predicting another rate cut. Benchmark rate currently sits at 4.5%.
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50 sats \ 1 reply \ @SatsMate 22 Aug 2024
Is it wise for them to cut rates? From my understanding home prices are still way too elevated and won't cutting rates just cause prices to rise further or am I oversimplifying this?
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0 sats \ 0 replies \ @grayruby OP 22 Aug 2024
They are worried about the job market.
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40 sats \ 0 replies \ @mdominicorobin24 22 Aug 2024
Panic mode is in Beast Mode. Controlling numbers with numbers is defined as Psychological Warfare.
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40 sats \ 0 replies \ @ken 21 Aug 2024
Bank of Canada, set to cut rates
It isn't much better here in the states
Inflation will be in all of our fates
Until the Fed meeting, we'll just have to waits
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120 sats \ 0 replies \ @Silent_Hodler 22 Aug 2024
Good! The cheaper the money, the bigger the risk appetite.
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0 sats \ 0 replies \ @2a3dex 21 Aug 2024 freebie
oh good. We are getting poor much slower.
I wouldn't trust any digit coming from government, specially when grocery receipt are showing different story.