IMHO, the “official” low inflation means the Federal Reserve can lean more towards lowering interest rates, or at least slow up on raising them. Same for not lowering their balance sheet as much.
The Fed is cutting the money supply from an all time high.
They added $4 Trillion to it over a few years.
Now, it is time for the contraction.
Which ALWAYS leads to a recession.
They always say it is going to be a soft landing. However, it never is. They never want to say or preach doom and gloom. Most likely we are going to be actually in a recession with negative growth by the last quarter of 2024 into the first 1-3 quarters of 2025.
We are finally see people getting laid off. Corporations are cutting dead weight. The problem starts when the people that lose their jobs can not find another one paying the same.
Also, that they can not find another job “working from home”. Meaning: get your A$$ in the office IF you want this job. Resulting in people having to sell their house and potentially move to some place that has a job to offer. This puts more pressure to sell on real estate in some markets.