Not really. Just being conservative with my assessment.
I'm pointing out that when you're taking into account that we're at mid-September and just 6+ weeks until the election, that's not enough to really get a gauge at how everyone is affected. I don't doubt interest rates will make a positive impact on the economy.
Not really. Just being conservative with my assessment.
I'm pointing out that when you're taking into account that we're at mid-September and just 6+ weeks until the election, that's not enough to really get a gauge at how everyone is affected. I don't doubt interest rates will make a positive impact on the economy.
Also, it's important to get perspective:
-Consumers have been feeling the pinch in their wallets for some time with the interest rates being higher. It's affected them for years now both financially and psychologically. We have not seen inflation quite this problematic in decades, especially considering the COVID-19 pandemic was the first of its kind since the Spanish Flu. Inflation was also a problem during and after the Spanish Flu.
-We don't know yet if consumers are going to be spending more or saving more. Likely the latter to a certain extent as inflation has made it harder to save. I wouldn't rule this out.
I will say psychologically, with interest rates being cut, it's something everyone will be looking forward to. I just don't think with this short of a time until the election will there be enough data to show the impact on the Fed Rate cut.
Not really. Just being conservative with my assessment.
I'm pointing out that when you're taking into account that we're at mid-September and just 6+ weeks until the election, that's not enough to really get a gauge at how everyone is affected. I don't doubt interest rates will make a positive impact on the economy.
Also, it's important to get perspective:
-Consumers have been feeling the pinch in their wallets for some time with the interest rates being higher. It's affected them for years now both financially and psychologically. We have not seen inflation quite this problematic in decades, especially considering the COVID-19 pandemic was the first of its kind since the Spanish Flu. Inflation was also a problem during and after the Spanish Flu.
-We don't know yet if consumers are going to be spending more or saving more. Likely the latter to a certain extent as inflation has made it harder to save. I wouldn't rule this out.
I will say psychologically, with interest rates being cut, it's something everyone will be looking forward to. I just don't think with this short of a time until the election will there be enough data to show the impact on the Fed Rate cut.
It's the positive psychological aspect that I am mainly focused on