The FED needs to cut rates to get close to the current neutral rate, right?
Well, maybe not.
Current the FED funds rate is around 5% and the inflation rate is near 3%.
However, if the FED starts cutting inflation is likely to pick up.
We are setup like the 70's right now:
(Source: https://x.com/BitcoinNewsCom/status/1850216363677114382/photo/1)