It is too little too late. Powell made a grave mistake. Fed should have started cutting rates in June to stave off a recession. The indicators were already clear in June that inflation is going down and non farm payroll are down. But he held on and on and now the recession is like a speeding train. Its now impossible to stop a speeding train so we will head into a full blown recession in 2025/26 and the fed will have to cut rates to 0% to keep it afloat while cost of living will still be high. Well done Powell. You just screwed an entire generation of people.
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