It's seems now that USA are deliberately holding rates where they are. I don't know exactly but it may be beneficial for dollar against other major currencies temporarily. But in the long run and for their own economy, they should cut the rates very soon.
Interest rate cuts only help in the short term. in the long term, the bond market determines the interest rate anyway, measured by the level of debt and the productivity of the economy. i am absolutely in favor of the United States returning to regional interest rate levels to a system that is as decentralized as possible and not orienting itself to short-term whining in the banking sector. It is also important to assert ourselves in the international competition between currencies, especially against the increasingly socialist eurozone.
reply
So, America is doing the right thing at the moment. They are the world's greatest economy not for nothing. They know somethings better than all others. Also, I'm of the view that America has been using EU for its benifit in this world of selfishness.
reply
yes, with the independence movement of the federal reserve, the establishment of sofr, the americans have done some things right. and i believe that a new government will also find its way back to a rational economic policy, lower taxes and above all lower government spending. as far as the EU is concerned, the Europeans have actually always used the Americans for their own purposes, when they got themselves into a crisis they could rely on getting the bailout indirectly via the London banking sector etc. now they are still desperately trying to drag the Americans into their war in Ukraine, that should no longer work when Trump is president. hence the panic in Europe
reply