McKae Properties Real Estate Market Commentary

On Wednesday the FED will tell what the tendency is for lowering interest rates.  If you readers just rely on CNBC, Bloomberg or some Social Media Site, I suggest you get on the St. Louis Federal Reserve Bank's mailing list.   Add to the Wall Street Journal and the U.S.  Census Department.  With those three sources you will not find yourself being jerked around by Media promotions and investment banks and advisors promoting their positions.   The Wall Street Journal had a list of the four new members of the Federal Reserve Voting Panel.  All four say too soon to cut rates.  The Federal Reserve so indicted the same.  The U.S.  Census reports showed slight declines in inflation with nothing near 2% annual rates.  The Census also stated POSITIVE growth in the US Economy.  All quite good for high interest rates.  It would appear to me why cut rates if the economy is doing so well?  The next issue the FED Governors must be looking at are housing prices and rents.  The Gen Z cannot affor

 The best description for the end of 2023 was a "Melt Up" in Wall Street terms.  Analysts were fighting amongst themselves as to who can predict the number of FED Interest Rates reductions.  Let's face it analysts are just selling themselves and the their predictions are soon lost, unless they are right.  It is always easy to point elsewhere when the prediction doesn't go according to their estimates.  Or, just simply forget and never say much about it until there are proven wrong December 31, 2024.  By then, who will remember or even care? The Governors of the Federal Reserve System are now coming out and stating that they are not committed to rate cuts.  ( Fed's Bowman and Bostic caution against rate cuts too soon ). Especially when the rate cuts are from 1-7.  The historic possibility of 7 rate cuts do not forecast well for our economic situation.  Why would the FED flood the market with money.  There is over $7 trillion in the FED's Balance Sheet to create