I think the Fed said they will start lowering rates, maybe by 1%. But, yeah, this means they think they’ve got inflation under control, and worried about slow growth or decline in 2024-2025. I’ve heard speculation that OPEC may cut oil production to increase inflation before the election in an attempt to make Trump more likely to win, so dunno how the Fed will respond to that, if it happens. Inflation caused by supply shocks could also slow real growth.
I think the Fed said they will start lowering rates, maybe by 1%. But, yeah, this means they think they’ve got inflation under control, and worried about slow growth or decline in 2024-2025. I’ve heard speculation that OPEC may cut oil production to increase inflation before the election in an attempt to make Trump more likely to win, so dunno how the Fed will respond to that, if it happens. Inflation caused by supply shocks could also slow real growth.