Cutting rates doesn't have much of a stimulating effect on business spending like it used to. Large companies just funnel excess cash or issue debt for more sto

Cutting rates doesn't have much of a stimulating effect on business spending like it used to. Large companies just funnel excess cash or issue debt for more stock buybacks + equity based compensation for the executives. The correlation between rates and increased business spending has been weakening steadily for 20 years because of this.