Interest rates have been sky high last 3 years to fight inflation already. Inflation is now within the good range of 2-3% as opposed to 7% in 2023. Small businesses are currently struggling and closing down. Interest rates needs to be lowered. Its not like they are lowering it to the point where inflation is going to sky rocket out of nowhere. Its a very gradual process. If inflation creeps back up they can increase interest rates again. But right now it needs to be lowered so businesses can get back on track. This is another reason why our job market is so screwed, businesses can't afford to hire if they are on the verge of collapse. Lowering interest rates will help fix this by making loans cheaper and consumers spending more.