I agree. It seems insane to do rate cuts when it seems inflation is not really being controlled for the low/middle class. If anything they should stick to the c

I agree. It seems insane to do rate cuts when it seems inflation is not really being controlled for the low/middle class. If anything they should stick to the current rate for YEARS. This will cause all the folks that are waiting to time the real estate market just move on and buy/sell what they need. Each time they tease a future rate cut it just leads to more people holding out buying/selling. When the rate cuts come housing costs will soar as the buying frenzy kicks in. People rushing to buy before they are "priced out" again. It seems like nothing will really be fixed. The rate cut will help smooth over the economy for several months. Oh jee, I guess it's just a coincidence that it's done right before a major election cycle.