Quote:
Originally Posted by Normal
I agree, the Federal Reserve’s 12 member voting panel won’t cut rates till the inflationary pressure is down. No one wants to see 2023 repeat itself. The last meeting we saw 9 members voting against any cuts and 3 voting for a.25 cut. If inflation keeps its current trajectory the same announcement will be made on the 17th. Weller really doesn’t have anyone in his corner for this round either. Powell will likely announce the board is keeping rates where they are. Tariffs are still a large uncertainty. Some big box stores are already laying the groundwork for price increases. IMHO I don’t see them absorbing the continued cost surge.
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Agree and if the crazy, IMHO, development of open property continues in this area it will be like living in NYC shortly.