The Fed doesn't have a clue. They are winging it. There appears to be something wrong but they can't put their fingers on it and thus they can't provide any definitive direction. Their narrative changed late last year about rates but again it changed on the recent CPI info. The economy will need to crash so they have a definite piece of info to allow them to cut rates but then too late.
As others have pointed out, the US economy is strong and higher interest rates for longer. The thing that highlights when their economy is going into negative is when the unemployment rates start to rise. By then it won't be a soft landing. And then panic will set in.
If the CEOs etc are cashing out of their shares, then they know better and earlier than us plebs.
Good discussion about this here...
EDIT: The govt might like them to cut rates, but they can't...
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