“Futures market pricing is indicating the first rate cut will happen in June, with the Fed moving a total of four times, or a full percentage point, by the end of 2024.”
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Amazing, just in time for the election in November.
The “experts” have been forecasting rate cuts for many months—totally wrong.
Powell has been very clear on this point—he is not going to cut rates unless/until economic indicators crash and burn.
The “experts” are going to get 2024 wrong.
Wont matter. By then things will begin to erode. This is the first salvo. The markets are meaningless when people are in debt up to their eyeballs and are using credit cards to buy groceries and pay bills…. And cant afford to pay it back.
The markets ever price that in? Of course not. The markets are just big companies moving money around amongst each other.