comfort to many americans who are still paying more than they were pre-pandemic for everything from food to shelter, the cost of borrowing money is still much higher. the federal reserve has insisted it will not cut interest rates until it sees the sustained drop anyoneflation. chairman powell, rich, as you know has repeatedly said he will wait until inflation comes back to the target rate of 2%. odds of a ratings cut intlor. now for december 50%. >> rich: potential for rate cut. people waiting for rate cut that, translates directly to purchasing a home and borrowing money. purchasing a car and borrowing money. when can those folks get some relief? >> those folks will get some relief when, at least if you believe the federal reserve, inflation comes all the way down to 2%. but there has been a warning, rich, that if you wait until then, you're behind the curve. and the fed doesn't want to be behind the curve. there is still a shot we could see at least a quarter of a percent ghut interest rates by the end of the year. we shall see.