I believe the layoffs were in response to the stock prices and the general market sentiment that the fed caused. The rates will come down at first because infl

I believe the layoffs were in response to the stock prices and the general market sentiment that the fed caused. The rates will come down at first because inflation has been beat. Then it will come down more when it becomes clear that the fed screwed up both ways and now has to try to fix the economy. Then the consumer will stop buying things because prices are going the other way fast. AKA a deflationary bust which can be much worse than anything we have seen in our lifetimes.