Fed’s Rate Cut: A Masterstroke or a Midlife Crisis?
Today, the Federal Open Market Committee-where decisions are made with the solemnity of a Victorian tea party-voted to slash the benchmark rate by 25 basis points, now ranging between 4% and 4.25%. A modest gesture, perhaps, but one that whispers of two more cuts by December. The Fed’s new forecast is less a roadmap and more a hopeful daydream scribbled on the back of a napkin. 🤡








