After the Fed raised rates at an unprecedented rate, it dawned on the Fed that their lightning-fast rate hikes along with lack of oversight, crashed a couple of banks the Dems are friendly with. Now, the “experts” are betting that rate hikes are close to a major pause (maybe one more .25% hike). It makes sense to let their rate hikes work through the system.
Also, I believe the Fed will lay off steps causing further commotion to the economy in anticipation of the 2024 elections.
Inflation will remain high, though lower than last year’s high. Inflation will only come down by improving the supply side of the economy, -unleash energy production, lower regulation, lower taxes, and less government spending.