Will the Fed cut Rates soon??? January 9, 2024

We know the only way mortgage rates come down is if inflation is tempered, which will cause the Federal Reserve to lower their benchmark rate.  So the question is, will that happen soon in 2024?

There are a number or signs that can give us a whisper of prediction on this.  December job creation was very solid  at 216,000.  Unemployment was unchanged at a comfortably low 3.7%  The Labor Force Participation Rate went down from 62.8% to 62.5%.  And December wage growth unexpectedly went up by .44%.  It is very likely the Fed will remain reluctant to cut rates at the beginning of the year.  It could be summer time before we see any Fed cuts.