“The odds of an October rate hike have been greatly diminished by this employment report,”
Doug Myers
“If you look back to 1994 when the Fed was hiking rates continuously, after every rate hike the Fed adopted a neutral bias. However, the tightening cycle continued until early '95, for a total of 300 basis points (3 percent). We are not looking for that type of tightening cycle this time, but nevertheless it does suggest that the neutral bias does not preclude further rate hikes down the road.”
Harvinder Kalirai
“We think the bank has left the door open for a pause in October, but a rate hike would follow in December. That would take the overnight rate to three per cent by year's end.”
Carl Gomez
“This is a supportive report for Bank of Canada's 'modest' rate hike plans -- good growth, but lower imported costs.”
Carolyn Kwan
“Adjustable-rate mortgages (ARMs) were more strongly affected by the latest Federal Reserve rate hike this week. However, mortgage rates continue to be extremely affordable and the outlook for the housing sector appears bright.”
Frank Nothaft
“While the Fed's rate hike yesterday (Tuesday) may seem to have diminished reaction to today's (Wednesday's) CPI report, it will nonetheless be important.”
Conrad DeQuadros
“While the Fed's rate hike yesterday (Tuesday) may seem to have diminished reaction to today's (Wednesday's) CPI report, it will nonetheless be important,”
