in its updated Summary of Economic Projections, the Fed pointed to more rate cuts this year… more rate cuts next year… and more cuts the year after that. In total, the Federal Reserve is projecting another seven to eight rate cuts over the next two years.
Mortgage rates will crash, reenergizing sidelined homebuying demand and unfreezing the housing market. Auto financing rates will plummet, too, reheating the stalled-out auto market. And debt cos...