Part 3/7:
However, despite the relief these cuts could bring, the anticipated positive impacts on consumer lending rates, such as mortgages and credit cards, have yet to be fully realized. Halak points to market reactions indicating investor concern over the Fed's cautious stance on future rate cuts, which have now been scaled back from an expected four cuts in the upcoming year to just two. This uncertainty surrounding sustained inflation levels adds to the complexity of the situation, prompting discussions about how aggressive the Fed should be with its rate cuts.