Jerome Powell has NEVER EVER EVER said that he will cut rates at least 3 times in 2024. That is something that was tossed around by the media and by influencers. But he NEVER said that he plans to cut rates at least 3 times. EVER.
The FED will screw this up as usual. Kept rates way too low for years and now should have raised rates already, or at least stop with the language of no more rate hikes.
and so the market crashed after his stupid comments. The rate making is always a collective body decision by the entire Fed and we do not need 47 interviews and speeches during the 6 weeks.