I have hinted at this since since early February... but I am now 100% sure. There won't be any rate cuts in 2024. Not sure what your friends do, but if they can make any money off of that, they can bank on it.
"It was a beautiful late June evening, and after a night of drinking and singing songs around the campfire to the waft of a skillfully played acoustic guitar, the fire subsided and the campers all retired to their tents for a peaceful sleep, anticipating adventures the next day would surely bring. But as they slept a front was moving west across the mountains and a cool July breeze began to blow across their camp. Gently it increased as the night passed. The trees swayed and the leaves rustled, but the campers slept soundly. Outside their tents, embers that had gone dark hours before slowly grew amber as the breeze lifted them like fire-flies into the night air and onward to the parched forest below..."
~Exerpt from The Powellian
