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| many are still talking 3 rate cuts in 2024 I truly doubt that, and in fact it is my belief that there will be NO interest rate cuts before November and most likely none in 2024.
The US consumer ( in spite of what is post here ) is simply to flush with wealth, the middle class of the US has gained 14Trillion dollars of houshold wealth since the start of 2021 and for the most part they are using that wealth to feed the GDP growth in this country which in turn is feeding income growth to the working class of this country. This is what keeps the Inflation rate just above the Fed's desired rate of 2%. It will take another 9-12 months at the Current rates to get the inflation rate to drop.
I believe that the only thing that gets the fed to move before March of next year is if a President starts screaming and hollering demanding rate cuts because he has a desire for some kind of short term boost for his Ego. | |
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The main reason Interest rates will go unchanged through November
