The rate cut is something that economists, investors, business owners, and even regular people salivate over. Pavlov would be jealous at the conditioning! State the word "rate cut" loud enough and its an EF Hutton moment. Rate cuts spur spending and other economic activities and that can lead to growth in the right market.
(In my theory I'm working on a rate cut like this basically increases the width and depth of financial and physical/digital transactions throughout economic networks and speeds up the economy based on infrastructure functionality. Other theories say almost the same thing but that leads to the validity of my transactional sub aspects of the theory. Basically means other theories come to a similar conclusion using at least a slightly different method.)
I was reading some leading BEA stats on unemployment rates and I thought "Maybe it would be a good time for a small rate cut".
Went along my digital nomad day and then checked the news and came across this article 'Fed's Powell: "Not far" from confidence needed to cut rates' Some unemployment and other factors such as declining inflation might might lead to a justifiable rate adjustment (There are always risks to cutting at the wrong time, early, late, too much, not enough.).
How is the Fed rate set? Dr. Powell indicated that there are multiple metrics and they meet as a committee to discuss. These are big decisions so having multiple experts on the panel helps create broader understanding. Making sure groups have cognitive diversity is also important for rounding out decisions.
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