They won't cut rates any time soon IMO. They have been saying...

They won't cut rates any time soon IMO. They have been saying rate cuts are just around the corner for almost 2 years now. Fed chiefs globally have been repeating the same lines/lies. It is just bs marketing and rhetoric to keep the sheep believing and for them to keep purchasing at the highs to keep the economy trickling over and avoiding a depression. The moment the sheep know rates are going up, they will stop purchasing, buy a ton of precious metals for safety and fire sales of property will begin. It is much easier for them to avoid this disaster and sacrifice a fed chief every year, throw them under the bus for lying. It has already happened in Australia. They will do the same in the US with Powell soon, his contract runs until 2028 but he wont survive past mid year when the rates don't drop then. In this current crazy world, there will always be a catalyst or another black swan event like covid/ukraine/gaza to keep inflation running hot. They also have no other option but to continue printing money. Anyone who thinks the rate cuts are coming has rocks in their head!