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| they (democrats) were perfectly happy with jerome juicing the stck market with promises of 7 rate cuts in 2024. truth be told, interest rates are historically cheap, its just it isnt zero so to speak that it was in 2008 to make that president appear to be "successful". the so-called `inflation reduction act` causes inflation and theres still covid spending hangover. $1.7 trillion annual deficits and if spending is cut at all, we go into a recession, interest rates stay above zero and that raises the deficit. they (economists with brains) always said that the last hail mary by the government will be to inflate our way out of the mess, so it looks like thats whats wanted. only a temporary fix though, when no one shows up at the treasury bill auction, what happens is anyones guess. | |
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The main reason Interest rates will go unchanged through November
