Expectations in the media are that the Fed will start to cut rates from September - likely by 0.25% - and continue to do so gradually at each of the next few opportunities in 2024 (not sure if 2 or 3 meetings).
1) - not fully. Their target is 2% inflation, and it's currently above that (at c.3%) but if nothing else happens then this should reduce to below the 2% quite soon - hence the rate cut.
2) - the Biden administration has done an excellent job with... er... jobs. More people are in work than ever before, although the jobless % is slowly rising from their historic lows, although it remains well below the long-term average.
3) - the Dow Jones will inevitably hit 45,000. This is only a 10% increase from where it is now, so this could happen sometime in 2025 or early 2026, even if just average growth, I'd have thought, notwithstanding a market correction in the meantime.
