Discussion on the Fed's decision to maintain interest rates, the reliability of the Consumer Price Index (CPI) in reflecting inflation, and the potential consequences of the Federal Reserve's actions on the economy, including recession risks and effects on the dollar and trade balance.
Don't expect interest rates to drop back to zero. But your floating-rate loan may be a bit less painful by year's end. The Real Deal's Deconstruct chatted with BGO's Chief Economist Ryan Severino about when rate cuts will come, the data that shows a cooling economy and what risks the Federal Reserve runs if it cuts too little, too late.