“European, US stock markets climb as bets build on rate cuts”

“Wall Street and Europe’s main stock markets mostly climbed Wednesday as traders ramped up bets on the US Federal Reserve cutting interest rates in the new year after a top official sounded an optimistic note on the battle against inflation…”

https://news.yahoo.com/dollar-weakens-further-rate-cut-030003386.html

I’m about to make another prediction here. I don’t believe interest rates will be cut next year. It’s election year [in the U.S.] and the lag in the housing market is to big for citizens to feel the difference in time. At least that’s how I view the situation. What’s more likely is the economy will be held hostage while both political parties duke it out. After the election the winner will decide the direction of interest rates. That is my prediction for 2024 – 2025 for the U.S.

Since we’re the leaders of the free world I think Europe will follow our lead. Also, as bad as high interest rates are, I don’t know if its a good idea to lower them. Central banks and money printing has us between a rock and a hard place.

I’m not barging here but just so everyone knows my prediction tend to be correct. I have multiple articles where I make predictions and they turn out correct.