Honestly, the rate cut by the #FED, is a mistake, because S&P 500 will fall by 50%. However given the U.S. elections on Nov. 5, and the national debt of 30 billion, it solves nothing, given the federal cuts. So it should have been done earlier or wait until 2026.
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Yes, you are right, it is too early to lower interest rates. It is the same here in Turkey. Do you think they will lower interest rates again at the next meeting?
I don't know, but I'll leave you with this article. https://news.harvard.edu/gazette/story/2024/09/consumers-to-see-benefits-of-fed-rate-cut-but-how-much-and-when-is-less-clear/
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