I'VE SAID IT BEFORE, RATE HIKES ARE POSSIBLE The economy supposedly continues to expand although there's something wrong with that picture given layoffs. Unemployment is low, because of people working 2nd jobs to pay for things and inflation is still high. There's no reason to drop rates, in fact a rate hike is not out of the question. That might be the pin that pops the bubble. I heard a good one today. "Don't follow the masses because sometimes the M is silent ". The mkt continues to rise on speculation...not good. But one thing that isn't rising is Sherritt. If rates rise, the USD rises and commodities fall.
https://www.businessinsider.com/economic-outlook-fed-interest-rate-hikes-cuts-larry-summers-recession-2024-2