“US Inflation Picks Up, Signaling Bumpy Path for Fed”
January 17, 2024
“…The figures show the Federal Reserve is facing a bumpy path to tame inflation, which risks staying elevated in coming months should prices of goods, such as clothing and cars, continue to climb. Fed policymakers and Wall Street economists have been starting to question the durability of the recent downturn…”
https://finance.yahoo.com/news/us-inflation-accelerates-tempering-case-141739677.html
Oh really? What happen to the FED is going to lower rates? I wouldn’t be surprised if the FED actually increased interest rates. I’m not saying they will but they’re not going to decrease rates. I know it’s election year and people say the FED might cut rates because of it but my argument against that is it would take to long to take effect. Yea it would boost the stock market but it will do nothing for housing / real estate which is delayed in comparison to other parts of the economy. Also cutting interest rates risk inflation increasing.
Long story short don’t expect a FED rate cut. I’ve been saying this the entire time. That is speculation. That’s what the stock market runs off of. The stock market does not care if rumors are true. They care about pumping markets. That’s it.