10 year bond soaring toward 4.5%. Don’t see how Fed can cut rates 3 times in 2024 as they have stated. So now they are saying no need to reduce inflation rate to 2%. 3% will suffice. Moving the goal posts. Changing the rules. All in an effort to re-elect the world’s most famous Alzheimer’s patient.
Me neither
“Don’t see how Fed can cut rates 3 times in 2024 as they have stated.”
They have never “stated” there would be any cuts in 2024. They have stated they are watching the data and will react to it as needed. Observers and wishers keep putting words in the FED’s mouth that have not been said.