I don’t know what they’ll do with rates. The economy is falling apart IMHO. Housing is in freefall. They can try and stimulates with lower rates and they probably will, but inflation for necessities seems to be heating up. Lower rates will just spike inflation even more, especially if it weakens the dollar. Problem is that all fiat currencies of the west are losing purchasing power vs. necessities. Our economies built on zero % rates. I don’t see a way out of this mess.
What I read and is odd to me is that supposedly China is in deflation? I don’t understand that.