Comment by matwood

> I'm still unclear on why the Fed would lower interest rates

There's a lot of space between where they started (0%) and where they topped (5.5%) and where they are now (4.5%).

As you approach a stop sign, do you wait to brake until you're at the sign or do you start slowing down as you approach?

At 5.5% the Fed became concerned (and I think rightly so) that they could overshoot into deflation territory so they stated easing to what they consider a current neutral position - somewhere in the 2.5% - 3% range.