Has anyone correlated this with the historical data that people have? Like past rate cut cycles and their effects, such as the 2008 crisis or those in the 1970s? The long-term impact on the economy could be devastating, and, as others have noted, it could trigger a market crash. I agree that it's better to have something to diversify into, like Bitcoin.
I tried,
Quote
Teal = Fed Funds Rate, Orange = CPI, Blue = Unemployment Level.
Observe that after the Federal Reserve's rate hikes, high unemployment peak followed a year at least later. It happened during Volker's time during 1983 and Bernake's time during 2009/2010. Powell's time is coming, let's observe what happens for the rest of 2023.
In this topic, https://bitcointalk.org/index.php?topic=5452045.0
What was obvious was when the Federal Reserve started cutting rates, it was probably a little late because the unemployment rate still surged, which also crashed the market. Maybe it's because the data that goes to the Federal Reserve's desk is a lagging indicator? Those data are based on what happened in the economy months before.
I forgot to include the S&P 500 in the chart though. You can check for yourself.
So if the Federal Reserve is usually late, then does THAT make Trump right to say that Powell should cut rates NOW?
¯\_(ツ)_/¯