Ann: 2023 AGM - Managing Director's Presentation, page-222

mate, they can't keep rates too high to long. US will go broke if they do that. there is another ~$7.6T (trillions) out of the $34T of debt that needs to rollover in the next 11 months and that will be rolling over from around 70 basis points to around 470 points at current rates. Last month they already rolled some otherwise it was about $8.2T to rollover in 12 months.
That in itself will have major implications on future spending. US is now caught in the vicious cycle of issuing more and more debt just to pay the interest on that debt let alone to pay their day to day domestic bills. Then they need at least $1T every year for their never ending wars and to provoke new wars.

Right now US pays all the wages in Ukraine - not sure anyone knows this.

In short they are fckd and they know it. So rate cuts are baked. The only reason why they may not cut is if they end up with runaway inflation but then they will keep the rates up while they still print like crazy which will cancel the higher rates. Only the average person will cop it in the rs from that scenario but not the fat cats.

either way POG goes higher.