After many North American central banks drove interest rates up in lockstep last year, one investment professional said interest rates are only now starting to normalize on a longer-term basis.
Reid said following the financial crisis of 2008, the U.S. government got involved with “sponsoring markets” and taking on the liabilities of corporations while expanding the Fed's balance sheet in era of easy monetary and fiscal policy.
Reid said he doesn’t think the Fed will lower interest rates this year, as it would only do so to ease the pressure on a potentially struggling economy. “So we're thankfully back more towards a normalized period after probably 10 or 12 years of very awkward markets I'd say for investors,” he said. “So at Goodreid where we have 95 per cent or more of our clients in a balanced mandate, meaning that we have some fixed income, some U.S. and Canadian equities, the fixed income portion is becoming meaningful again,” Reid said.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Market movers: Stocks seeing action on Tuesday - and whyA look at North American equities heading in both directions
Read more »
Market movers: Stocks seeing action on Wednesday - and whyA look at North American equities heading in both directions
Read more »
Above Target Inflation to keep Pressure on Interest Rates into H2 - constructconnect.com - Daily Commercial NewsGlobal inflation may be cooling, but it’s not cold From a global perspective, important price measures are signaling that inflationary pressures have moderated over the past few months. First, in 28 OECD countries, the latest (December 2022) inflation ra
Read more »
U.S. Federal Reserve may hike interest rates to nearly 6%, BofA Global Research saysBofA’s hawkish stance comes after it recently added expectation for another quarter basis-point hike in June following similar moves in March and May
Read more »
Gold and Silver Fall Amid Rising Interest Rates and Stronger Economic Views(Kitco commentary) - CPM Group's Jeffrey Christian discusses the recent weakness in Gold and SIlver Prices and some of the factors that have contributed the precious metals' decline.
Read more »
Bitcoin consolidates above $23k as investors await the Fed's verdict on interest ratesCryptos continued to consolidate on Tuesday as the volatile month of February comes to a close with investors focused on the next interest rate decision from the Fed.
Read more »