Probably too early. We’re still expecting inflation. You’ll cut the rates after people are no longer anticipating inflation.
They’ll cut rates until Trump is back in the WH.
The rate cut won’t do any good. The inflation is not driven by consumer spending, it’s driven by massive government printing. High interest rates are used to cool off an economy that’s getting too hot. So a repeat of high interest rates of the 70s and 80s won’t do a bit of good. Furthermore, back then we were the worlds creditor nation, now we are the biggest debtor in all of human history… So when the rates go up, the US government has a bad problem. On the other hand, if they don’t cut rates, the already frail economy will do even worse. Real estate is in the tank, car sales are plummeting , the only spending being done is out of fear that the money will be worth 25% less in another year or two. So basically, we’re screwed, they have to cut rates, and that only fuels further inflation. Because all of the inflation is coming from the government printing $1 trillion every hundred days or so.