RE:Harder (landing) for LongerCutting rates in the middle of an election cycle smacks of political shenanigans.
Powell will have a hard time cutting rates as the world is heavily divesting itself of the USD all within the backdrop of the death of the petrodollar.
Pop quiz: if you are a shop owner and your inventory is building up, do you lower prices or raise prices? Let's take this into context of the FED and their decision to raise or lower rates. If the world is dumping USD, do you make the USD more attractive (in order to stem the tide of divestment) by increasing rates or lowering interest rates?
If anything, the FED should've raised rates, but it was expected that they did nothing and talked out of both sides of their mouth! What we all wait for now is the recession to be fully acknowledged by all, the mainstream financial press to throw a tantrum about how rates were elevated for too long and the generalist investor to get "punished" for being in tech and the stocks du jour instead of being in commodities where we smart investors have been hanging out.
Remember, commodity investors do best in an environment similar to the 70's. Don't lament the possibility of the general stock market getting crushed, embrace it!!