RE:RE:RE:RE:RE:RE:RE:Air Milesflamingogold wrote: The FED is not going to cut rates, no chance. At best, they pause. But, I believe the market is overly hopeful on even that given that only 40 days ago Powell warned on the expectation of pain to come.
Whenever the economy turns sour, high rates won't be sustainable and will crash back towards zero.
Powell is a fool and I think the FED overstates their real capacity of impacting inflation. I believe that their quantitative easing (through the purchase of bonds) has a more potent effect on the money supply than straight up rates.