Even IF they rate cut 100bps (per expectations), they are still 400bps+ higher when people, businesses, etc refinance or get a loan. HIGHER cost of money hasn’t been fully felt yet. Therefore, this won’t do much! HIGHER FOR LONGER.
Even IF they rate cut 100bps (per expectations), they are still 400bps+ higher when people, businesses, etc refinance or get a loan. HIGHER cost of money hasn’t been fully felt yet. Therefore, this won’t do much! HIGHER FOR LONGER.