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Look, I'm not an economist. Nor do I pretend to have anything more than a YouTube education on how a country responds to interest rate shifts.
But wouldn't the fed cutting the rates plunge us directly into an immediate recession and worsen inflation? I mean, the fed cutting rates during COVID led to the inflation we're now seeing, right?
Didn’t the fed cut rates way before COVID as well, and then after COVID they cut it way down to nothing?
That’s part of the reason for the housing crisis- in order to correct, when rates went way up, no one is giving up their (relatively) low payment, their actually low interest rates; even if they’re gonna spend all their gains on a new place they’ll still have to pay a large markup on whatever’s left over (if they can even find a place because inventory is like 1/4th what it normally is, mostly estate sales and poor condition, etc)