
A growing chorus of Fed officials and Wall Street analysts say this will be a year with few rate cuts—or possibly none at all
https://fortune.com/2024/04/10/interest-rates-inflation-federal-reserve-jerome-powell-soft-landing-recession/
by FUSeekMe69
2 comments
That means a strong economy, right?
Powell is only talking about rate cuts because he’s afraid his banking buddies will lose money on bad commercial real estate bets.
He’s going to try to hold off on the cuts so he can keep getting they layoffs he wants.
The only question is will the real estate market stay afloat long enough for him to get his layoffs.