We interpret comments from Fed officials just ahead of the blackout period to mean that the FOMC is more likely to cut by 25bp than 50bp. We think a 50bp cut would be a sensible precaution against further labor market softening, but the Fed leadership has communicated a… pic.twitter.com/fG9XaaOiUr
— Win Smart, CFA (@WinfieldSmart) September 16, 2024