Patronize me again and I'll destroy you 😖
Country: Northern Ireland
This is just wrong I’m sorry.
Historically they usually cut after things have gone wrong (gfc, Covid) to fix them. Lowering rates does the opposite of harming the economy, the risk is it overheats it.
A huge part of why the real estate sector is in trouble is because rates are too high. Lowering them will be a life line.
As for the rest of it, that’s opinion I guess and you’re entitled to it. Crazier things have happened anyway.
I think you’re mixing up the raising of rates with cutting. They raised rates because covid etc caused major inflation.
When the fed starts cutting rates the markets usually tumble. This is historically what happens when rates get cut.
You’re right with what you’re saying with higher interest rates causing issues. But it isn’t as easy as cutting rates = good news, not straight away anyway. That’s why we’ve rallied quite hard in markets recently.