Fed should cut once more then pause
The guest argued the Fed should cut rates one more time in December and then pause to reevaluate, given a fragmented committee and a 'K-shaped' economy where growth is robust but the labor market is 'soggy'.
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The Callback
Fed's pause and reduced guidance steepen yield curve
13 weeks between these two statements.
The guest argued the Fed is very responsive to labor market weakness, making a September rate cut extremely likely.
The guest argued the Fed should cut rates one more time in December and then pause to reevaluate, given a fragmented committee and a 'K-shaped' economy where growth is robust but the labor market is 'soggy'.