Subject: Re: Asking for each of your takes
“I do not know why the FED needs to lower rates.”

Argument I heard today was to give the housing market a kick. Housing is a huge part of the economy and the market is stagnant due to high mortgage rates. No one with a 3% mortgage wants to move.

Personally, I think they’re a bunch of whiners, my first mortgage was at 12% variable rate.
Now get off my lawn.