Joe Cooper - All the same, a rate cut won't have any immediate...

All the same, a rate cut won't have any immediate effect on companies' profits. These rate changes take six months to a year to be felt, which means it won't be until the second quarter of next year that the last interest rate hike makes its way through the economy. So it may look pretty bleak until then.

Joe Cooper

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Joe Cooper Quotes

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All the same, a rate cut won't have any immediate effect on companies' profits. These rate changes take six months to a year to be felt, which means it won't be until the second quarter of next year that the last interest rate hike makes its way through the economy. So it may look pretty bleak until then. Joe Cooper

They Said So®

Keywords

rate cut effect companies' profits months year felt means quarter interest hike makes economy pretty bleak

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