Rates look like they won't be dropped until 2024…and only slightly. This obviously depends on inflation coming down in the US.

There is also the situation of how long it takes the entire economy to respond to higher interest rates. This is usually 3 to 4 years.

As for financial assets to respond to lower or stagnant rates, 6 to 12 months from a halt in rate increases...meaning when the FED drops rates, or keeps them steady, wait 6 to 12 months to buy, this gives the minimum amount of time to know that inflation is actually coming down (as long as a person has at least a 6 month emergency fund, and no debt).

Unemployment will go up though…some countries may get hit harder than others…due to a number of reasons.