Interesting read @adityajainxds

In many cycles, slumps come after first rate cut

Are you sure about it? Perhaps I'm wrong, however based on what I've learned it was a bit different way around.

In the past whenever interest rates would be incresed, they would stay elevated until something would break in the economy causing crash on the markets. And FED in reaction would start lowering interest rates.

It seem to me that it will be very first time that FED will start lowering interest rates with no major crash in the economy took place. Just as a reaction to growing unemployement.

Also I think that the fact that we are facing elections also matter. Current administration will not allow any major crash to take place right now. Not before november elections. If that would happen then Republicans would absolutely destroy them..
So I would expect that Democrats and controlled mass media will do their best not to let anything ruin their chance to be re-elected.

ps. glad to see that you're still around and posting in PH :)

cheers, Piotr