Even with an initial rate cut, the Federal Reserve will proceed slowly, resulting in higher interest rates persisting for longer than anticipated (1.5 to 2 years for normalization), eventually reaching approximately 3.1%.
"I personally believe that even if we do see a rate cut they're going to take it extremely slow only cut when they're 100% certain that it's the right time and that most likely means we're going to see higher interest rates for longer than people expect it's not just going to be a quick race to the bottom I just think this is probably going to be something that'll take another year and a half to 2 years to normalize or at least get to a point where the Federal Reserve rate hovers somewhere around 3.1%"
