Such mixed feeling about rate cuts tbh. Guaranteed inflation starts going up again as soon a at they cut. And housing still needs to come way down. But at least it should help send crypto and prob stocks.
Easier money leads to more money creation no matter what. And people taking higher risks. How that inflation shows in prices can vary and be hard to pinpoint but it’s definitely there. We didn’t addressed any of the fundamentals that got us into this mess. They’ve just been manipulating the market via the only mechanism they have, manipulating rates. Maybe they get things “on track” by cherry picking data points to include in inflation and using yoy measurements that are misleading when the previous year was so horrendous. They’re just kicking the can…yet again. Because they can’t fathom having to spend within their means. Now we’re rooting for economic slow down as a good sign their manipulation is working so they can manipulate the rates lower again like they were doing before…like what got us into this mess in the first place. Sure, maybe it doesn’t need to come down to change a number that everybody puts a bunch of weight into. But if we want this country to be livable for the next generation of Americans the. It needs to come way down! As soon as rates start going down that will only help bolster housing prices.
