The Fed Is Not the Problem, Banks Are!
In my previous article, I explained that the Federal Reserve cannot—and should not—continue cutting rates aggressively this year. Even though earlier projections suggested two potential rate cuts, I argued that, at most, one more might happen before year's end.
At the Fed's most recent meeting on October 29th, they delivered the expected quarter-point cut, bringing the federal funds rate to 3.75%-4.00%...