am convinced of 2 things :
- gop will not be praising the sudden affordability of all things, except few propagandists in the unlikely case of deep recession
- MAGA never will understand inflation nor the cantillion effect

valueplays had a very tight summary :
"At current rates, a 0.5% or even 1% cut will not have any economic impact to speak of. Borrowing rates are already at levels the US economy has flourished in the past and lower rates while better are not the economic push essential to propel growth. It will have a major market psychology impact.
However, many will believe that after having the PMI essentially below 50 the last 3yrs with fear of recession, the psychological impact will prove considerably positive."

i still think the chances of YCC is very real as trump's remaining option if sentiment and concurrent indicators go bad.