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The Rich Somers Report

How Much Will the Fed Cut Rates in 2024? | Saturday Edition 120

The Rich Somers Report

Rich Somers

Business, Investing

5.01K Ratings

🗓️ 9 December 2023

⏱️ 11 minutes

🧾️ Download transcript

Summary

On today's "Saturday Edition" episode, Rich answers the top question of the week that was sent in by our listeners. Rich and Alex celebrate this week’s soft launch of Hotel Zindel, a San Diego-based boutique hotel. They then analyze the reports that the Feds will have several rate cuts in 2024 and Rich offers his own predictions of where the interest rates will be by December 2024. If you have a question you'd like answered, please email info@somerscapital.com. Stay tuned every Saturda...

Transcript

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0:00.0

So if I'm a betting man, I think there's going to be multiple rate cuts next year.

0:03.7

I also don't think that rates being where they are today are sustainable without things

0:07.8

starting to kind of shake loose a little bit if you would.

0:11.0

So now is the time to go out there and find a discount. The folks that are

0:15.2

hurting right now, they're willing to sell at a discount, the ones that need the money,

0:18.7

before the news switches around. Welcome to the Rich Shmers Report, where we talk real estate, business, and wealth building,

0:26.1

all while keeping it real.

0:27.5

No fluff, no BS.

0:29.1

I hope that you enjoy the show. All right guys, welcome to another episode of The Report Saturday Edition and I got my co-host

0:40.8

today Miss Alex, welcome to the show.

0:43.5

Thank you, how's it going?

0:44.9

It's going amazing.

0:46.1

We're just coming off two days removed from our soft launch

0:49.4

of the Hotels and Dell, and we did a grand opening today. got guests we are a hundred percent booked for

0:55.4

tonight which is amazing with very very limited marketing but yeah wow

0:59.2

Wednesday I mean just the team pulled through all of our partners investors the vendors like everyone

1:05.6

literally like just pulled through this past couple weeks we got the hotel launched

1:09.5

and I thought it was a great turnout on Wednesday night what are your thoughts?

1:12.1

Yeah it was amazing the girls did a great turnout on Wednesday night. What are your thoughts? Yeah, it was amazing.

1:13.1

The girls did a great job just getting the final touches

1:16.6

on the hotel.

1:18.8

Kim, our designer, Andrea, Lauren, Jennifer,

...

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