Month: July 2024

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The Fed should not lower interest rates at the September meeting.  Based on my local markets, we are operating at the Neutral Rate.  I’d even argue for a 25 bps increase.

By Pucklore | July 11, 2024 | Comments Off on The Fed should not lower interest rates at the September meeting.  Based on my local markets, we are operating at the Neutral Rate.  I’d even argue for a 25 bps increase.

Why are we at the Neutral Rate?  Because some of the profligate easy money home buyers that bought late-and-large on debt are selling now.  Many of these homes have been completely gutted, too but are now for sale indicating their…

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