Why I’m Not Excited About Today’s Interest Rate Cut

The Federal Reserve is expected to make another interest rate cut today. And I can’t say that I’m overly enthusiastic about it. The announcement is supposed to come at 2:15 eastern, so that’s still three hours away. I have all sorts of time to consider.
My main issue is inflation right now. Food prices inflation and gas prices are issues in terms of household budget. And other inflation could rise as well. That’s what happens when interest rate cuts like this are made.
Stocks
On the plus side, stocks are up in anticipation of seeing the benchmark rate at a low 2%. So …read more