Month: March 2020
March 4, 2020
Category: About Sherry Articles Media Reporting on Sherry
Interest Rates Nosedive as Bank of Canada Cuts Rates 50 bps
The Bank of Canada Brings Out The Big Guns Following yesterday’s surprise emergency 50 basis point (bp) rate cut by the Fed, the Bank of Canada followed suit today and signalled it is poised to do more if necessary. The BoC lowered its target for the overnight rate by 50 bps to 1.25%, suggesting that…
March 3, 2020
Category: About Sherry Articles Media Reporting on Sherry
Fed Emergency 50 BP Rate Cut
The Fed Brings Out The Big Guns In a remarkable show of force, the US Federal Reserve jumped the gun on its regularly scheduled meeting on March 18 and cut the target overnight fed funds rate by a full 50 basis points (bps) to 1%-to-1.25%. This now stands well below the Bank of Canada’s target rate…