adp non-farm report just came out. Much higher non-farm employment than predicted. We are screwed in term of rate cut. High unemployment and high core inflation gave jpowell easy excuse for pause rate and wait and see.
It's literally how rates work. The federal reserve has a DUAL mandate to keep inflation low and the economy growing. If inflation is up, they raise rates. If growth is down, they lower them. If both are up, they can't do jack shit.
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u/DPMKIV 23h ago
It's called a FED bailout...
It theoretically should ease the free fall to prevent an all-out crash.