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Zero Cool's avatar

Yes, over time. I split up the word in two to address what you're observing.

Anyway, I'm not sure the Fed rate cut will make the most impact this month as we have less than two weeks left. For October, November, December, etc. the labor market will certainly be impacted more.

And as more Fed rate cuts come later this year, as long as they're being done carefully, it will allow the economy to grow at a normal, healthy way.

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michaelflutist's avatar

It's good news to most people who hear about it , except for those who profit from higher rates.

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Zero Cool's avatar

Well, too bad for those who need the interest rates high.

The interest rate cuts are going to be a boon for retailers as well. I was shopping at Macy's a few days ago and a woman had a conversation with the retail cashier about her concerns about inflation. I believe she was at Macy's Backstage where the items are priced lower than other Macy's products and chose this section of the location as she was cost sensitive.

Even restaurants are going to see more business.

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