Hello, fellow rebel capitalists. Hope you're well. So, it is time. We've got about nine minutes

before we get the big Fed rate decision. What are they going to do? Are they going to pause?

Are they going to cut rates? And then what will the market reaction be? What will happen to the

S&P 500? What will happen to the S&P 500?

What will happen to the 10 year treasury yield?

Mortgage rates, all of these rates that are far more important than just Fed funds,

what banks are lending to, or lending what banks, what interest rate banks are using

to lend to one another overnight.

So we got about eight minutes now.

Let's do a screen share and go over to what interest rates have done today. And then while we're kind of,

I want to hang out and with all you guys and hear what Jerome Powell has to say as well,

what we're expecting,

what the market is expecting is a hawkish cut. Right. So he's going to cut rates,

but then come out and say how, oh, just you wait and say, don't you expect another rate cut?

Absolutely not. Just like he did last time. Don't expect another rate cut. No, no, no, no, no, no. And that's what the

market's expecting. We'll see what we get. But then I want to kind of build on that last video I did

and talking about if the Fed rate cuts even matter. And what I'm referring to is the real interest rates that are used in the real economy.

And mainly like the 10-year treasury yield.

So in past rate-cutting cycles, what have interest rates done?

Because if you listen to the mainstream media,

if you listen to the talking heads at the Fed, they would like you to believe that if the Fed

cuts rates by 100 basis points and then every single maturity along the Treasury curve, it's just going to come down by 100 basis points.

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