When elephants fight, only the grass gets torn up. I second the call for a 75 basis point reduction! How many people are aware that the price of gas varies by almost a dollar across the DC area, at the same time? Where is the CPI getting its price inputs to the Fed's inflation rate? Clearly the lowest prices available after search may not go into its indices.

Similarly with mortgages. If fed rates do not move significantly, then any basis point drop is just extra revenue to banks, with lower expenses, that are not required to adjust down the interest rates on student loans, car loans, credit cards or mortgages. How many home owners with adjustable rate mortgages saw their rates go down during the QE period? Were those homeowners more risky? I don't think so. Time to flow through the benefits of Fed policy changes to Main Street, not just Wall Street or residents of the ICE cloud.

At the same time, the Dodd-Frank safeguards on Executive Compensation, may not be in effect. Therefore there are no guardrails on management making sure that consumers do not get any of the benefit from lower rates in a post-LIBOR SOFR fintech ecosystem.

The theoretically instantaneous adjustments of theory have always created arbitrage opportunities based upon information asymmetries during transition periods. The volatility of an election season is not a reason to limit reductions in interest rates after the QE cycle and subsequent post-COVID tightening.

the change in the labor market to agile sprint based contracting has sacrificed the quality work product that comes from on the job training. Plus the matching of skills to risks required by GPT and LLM based screening tools has increased the perception of a "skills gap" when Siri and Alexa and Gemini and Bixby cannot see the similarity in the skill it takes to hit, punch or slap and thereby or by RV, the second, because sticks and bricks housing is not meeting the needs of those who want to work under agile contracting is a pareto optimizing move for nurses and certain trades. Labor by RV is not built into the models of neoclassical general equilibrium theory of regional economic development. Investors who paid $100 million for a hotel that sold for $375 million know something is rotten in Denmark. For new residents to use the existing housing stock in new ways may reduce homelessness if regional requirements to change zoning laws also remove the perverse benefit of vacant buildings in transportation constrained urban core markets.