The Fed, their bankster minions, endless money printing and the Crimex always have the final say on what pm’s will do.
The SM of course is subject to all the same things, only in the opposite direction.
I’m not seeing the economic weakness to justify rate cuts, but that’s because I have a micro view. Idaho has a 2.9% unemployment rate and my area is probably around 1%. We can’t get good people and will seek to poach people from out of state as our company growth is exploding.
I guess we’ll know a lot more oh mighty Buddha! 🙂