Silly me, I look at it this simple way.
What is inflation doing? And I don’t mean us the GROWTH slowing. I mean, is it shrinking?
If yes- lower away.
If no- raise or maintain.
Seems to me that if they lower rates, inflation will run amok.
I think the Fed has conned America too long. They ignore the root problems and pretend that rate cuts & raises fix everything. They are partisan actors who are rearranging deck chairs on the titanic.