The train has already left the station, regardless of interest rates. Changes to rates now, really start showing up in measures of the economy 6-12 months from now.
While good wine, expensive toys, and overpriced houses are getting cheaper, lots of other essentials get more expensive as the Fed prints money. These items might include food, clothing, energy … everyday stuff.
Meanwhile, prudent savers have seen the interest on their savings drop from over 5% to 3-4% and declining.
