Should we just carry on inflating everything, because the Fed is still going to cut rates three times? 

I remember the instructor in Econ 101 saying that the Fed can “jawbone” desired outcomes.  So does jawboning expected rate cuts serve in itself as a sort of rate cut? Perhaps the Fed’s goal is to maintain higher rates and thereby eliminate deadwood from the economy. It’ll also post a warning sign out for Congress on deficit spending which is projected to be $1.6T in FY 2024.