$OCBC Bank (O39.SG)$ If the fed cut rates in Sept, that mean...
$OCBC Bank (O39.SG)$ If the fed cut rates in Sept, that means the economy is going into recession. It is a double whammy for banks as the NIM will take a hit and recession will further affect the loans. Not worth the risk.
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103153652 : Aren't interest rate cuts good for banks?
Michael Fong : Where you study this economic theory that if Fed cut rates it causes the economy to go into a recession?![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
101778471 OP Michael Fong : fed cut because economy gets worse. it's not causation. open your eyes and read
Michael Fong 101778471 OP : You are wrong to say that "if Fed cut rates the economy is going into a recession" not necessary.
Jerome Powell already said US is heading towards a soft landing. Rate cut is to avoid a recession not because economy is heading into a recession. Please read your own comment again and watch your English.
幼稚的韭菜 : Haha
Everything is a joke due to interest rate cuts
104653059 : fed rate cut, but bank will can still make money from other business. ppl also need take loan to invest in property.