Fed decision on rate
After 11 rate hikes in 16 months, the FED held steady for a year.
Inflation peaked at 9% in 2022 and now sits under 3%.
The new worry is JOBS.
Over 1 million jobs have been revised lower over the last 24 months.
New job openings have slowed from 210,000 per month to 142,000.
The unemployment rate is up from 3.5% to 4.2% since July 2023.
Rate cut incoming as the labor market cools.
Powell at 2pm.
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