🚨 BREAKING: POWELL’S CUT IS CONDITIONAL—AND IT'S ALL ABOUT JOBS.
Fed Chair Jerome Powell has anchored the rate cut debate on one key condition: "The Labor Market".
He describes the current situation as "driving in the fog," facing a challenge where inflation risks remain high while employment risks are tilted to the downside. The December decision hinges on whether the #fomc prioritizes a "risk management" cut to stabilize the faltering job market or holds steady to contain inflation.
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**His condition for easing is simply more weakness in employment data.**
