Economy could handle another 25-50 bps in rate hikes, but market volatility would jump: Schenker

As U.S. GDP slowed more than expected in the first quarter Jason Schenker, president of Prestige Economics says investors should be prepared for interest rates to remain elevated for some time.

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[hersdera]

I see the rising interest rate as a very big problem, as more investors will definitely pull out more money from the Stock market. This might have worked when I was still invest-ing with a couple thousand dollars, but it is more difficult now to decide whether to pull out more than $365k from my port-folio. I know some inves-tors still make that despite the strong bear market. In wish I could pull that feat

[ron.mexico.]

You know what fixes all of this? A big ol’ recession

[CoweatsCow]

Canada needs another 25-50 bps hike. Look at what happened to Japan when Bank of Japan shows no resolve. More people need to deleverage.

[DigitalDividendDollar]

Thank god, rate hikes are back in the picture. Higher for longer is here baby

[KingBlaisy]

Why do all these financial advisors and economists act like this is a normal economy? lol raise interest rates people will default. Lower interest rates and inflation rises putting people in more debt. Damned if you do damned if you don’t. The economy needs a reset or a major depression.

[georgehiotis]

Finally, someone is on the ball. Mr. Schenker's outlook is spot on.

[JessT-vgib]

I hope it does go up another 50 bps. Canada desperately needs it.

[abudhabimx]

This economy is fucked due to Trudeau and his massive increase to immigration. High priced homes and low supply of new home, let alone affordable new homes. Speaking with a company owner in the residential home construction in Vancouver the other day. I asked if he was busy and he stated No! what why? He said to many projects are on hold due to waiting for interest rates to lower. This is going to be a long road to what things were like just many years ago.

[radearpurba]

Thank you for sharing this news 🤔😢😢😔🙏🏻

[danawc]

The gov has no clue if they are going left or right. OUT TO LUNCH

[perryg]

GDP is a useless number as it includes government spending which makes the number look good, but does nothing for the economy other than increase debt and taxes. Wake up people.

[marihutten]

"People making more money than they ever made"
Maybe you investor people talking on the subject, normal people are struggling even working two jobs, definitely not "the most money they've ever made" .

[MangoFlamingo]

Rate cut is coming soon since 2022 lol

[joaquinzannchez]

2:42 of coourse you think that, you work for these company jacking prices up.

[dougiep]

Sure. How about another 5 and somone might have some faith in t bills

[christopherrichardwadedett]

Print baby, print! Feed the war machines!