Today, the Federal Reserve decided to make its first federal interest rate cut since 2020, cutting the rate to 4.5% from the 5.5% the Feds have held steady for well over a year. Today’s move essentially marks the end of the Federal Reserve’s so-called fight to return inflation to 2%, and now paves the way for more quantitative easing moving forward.
Moving forward, these rate cuts will further weaken the dollar’s strength and purchasing power. The Fed’s “deliberate” act, according to economist Lena Petrova, CPA, said in her analysis: “The Fed just effectively planted the seeds for a massive wave of inflation and the next crisis, [which] will be far more serious than any recession we’ve experienced before.”