Yup, they have called wolf so long that they are fresh out of wolves.
I’m not sure what can reverse this mess if anything. What are they going to do, lower rates?
Can’t go up because of the debt and the rise in interest payment and can’t go down...no room for that.
IMO we are in a deflationary spiral and that is worse if possible than inflation. I don’t think they have a clue as what to do about it. We are in deep doo doo.