RE:RE:HopeIt's way too soon to be talking about rate cuts. To be honest, the prior rate environment of 0-2% was not healthy and is just not good for our country long term (i.e. housing crisis). A long-term neutral rate of 3% or so is probably the best thing for our economy and our economy is strong enough that we don't need huge amounts of stimulus.
The Fed before was just saying they're going to do their two rate cycle increases and pause for some breath to see how things will play out. Their issue is that some items are not under their control, for example supply chain in China and the Ukraine war. They could hike the rates to 20% and it wouldn't do anything for oil prices or the shortage of wheat.. so the Fed is a bit limited on how they control certain elements of inflation.
It's just a case of hunkering down and letting real estate work it's magic over time. The earnings will come and H&R right now is actually one of my only investments that is currently in the green. So i'm happy enough to just sit back, collect my divvy and let management do its thing.