Stock Market Soars — Rate Cuts and Easy Money Coming Soon

"There's a 92.1% chance that the Federal Reserve will start cutting interest rates by this meeting [September 17th]."

"So the Federal Reserve has projected two interest rate cuts this year in 2025."

"Powell says that he wants to take a wait and see approach because he believes that inflation will rise meaningfully in the second half of 2025."

"So, um, the you're right that if you just look in the rearview mirror and look at the existing data that we've seen, you can make a good argument that that would call for us to be at a neutral level, which would be, you know, a couple of cuts or maybe more kind of thing. The reason we're not is the forecast in the by all all professional forecasters that I know of on the outside and the Fed do expect a meaningful increase in inflation over the course of this year."

"If it turns out that inflation pressures do remain contained then we will get to a place where we cut rates sooner rather than later. But I I wouldn't want to say I wouldn't want to point to a particular meeting. I don't think we need to be in any rush because the economy is still strong. The labor market is strong."

"So, we're going to end up paying maybe two points or three points more. Uh, three points would be about $900 billion a year because of this very average mentally person."

"If Trump nominates, let's just say Scott Bent, like if he nominates him today, and if Bent says that we're going to do massive interest rate cuts as soon as I become chair of the Federal Reserve in May, if if Bent says that, then the market's going to ignore what Powell says for the rest of his term."