Quote:
Originally Posted by tophcfa
The fed should not be lowering rates with the inflation we are experiencing. I don’t care what inflation numbers are being officially reported, inflation is real and badly needs to come under control. Also, the Fed needs to act as an independent agency and not bow to outside influences, lowering rates now would be a very bad look.
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If rates are lowered again to nothing so the economy can keep functioning, we'll all know what deep doodoo in which we are living. An overvalued stock market so prices need to rise to fund the dividends and there will be unaffordable housing if a rate decrease goes through. The sad part is no one realizes free loan money (under 5%) is not normal and will eventually strangle us because there is no room for adjustment when the next severe recession rears it's ugly head. Inflation will go crazy and I agree, housing will be out of the reach of the younger generation because of the inflated prices. It's not pretty out there, enjoy the moment.. it's all we have.