Chief Economist Says Cut Rates Now!

In today's episode, we tackle the growing buzz around potential rate cuts and their implications for the economy. Broadcasting live, I delve into the predictions from leading economists, including those from Wilmington Trust and Goldman Sachs, who are forecasting significant rate cuts in the coming months. We'll explore what these cuts could mean for commercial banks, small and medium-sized businesses, and consumers. Join me as we break down the potential scenarios and their impact on the housing market, borrowing costs, and overall economic health. With insights from my 30+ years of market experience, we’ll navigate through the intricacies of these economic forecasts and what they could signal for the near future. Timeline Summary [00:00] - Introduction to the episode and overview of potential rate cuts. [00:32] - Predictions from Wilmington Trust and Goldman Sachs on rate cuts. [01:24] - Implications of rate cuts for commercial banks. [03:33] - How small and medium-sized businesses might react to rate cuts. [04:52] - The consumer perspective: housing market and refinancing opportunities. [06:35] - Election impact on the market and consumer behavior. [07:01] - Potential market reactions to an unexpected July rate cut. [08:09] - Upcoming live session details and invitation. [08:29] - Earnings report from McDonald's and its implications. [09:21] - Predictions on a potential recession and consumer trends. [10:43] - True Inflation's latest data and its significance. [11:14] - Shoutout to Jared and Kyle for their real estate achievements. Links & Resources Join our community: One Rental at a Time Follow us on social media for updates: Instagram | YouTube Thank you for tuning in! If you enjoyed this episode, please rate, follow, and review our podcast. Don't forget to share it with friends who might find it valuable. Stay connected for more insights in our next episode!