If the US unemployment rate, currently at 4.1%, continues to cool (e.g., rise significantly) and big tech companies announce further layoffs in 2025, the Federal Reserve will likely cease cutting interest rates.
"we currently sit at 4.1 and if this continues to cool with all this talk about big Tech reducing their guidance for 2025 and if there's more layouts that continue to happen then again it should only be a matter of time that potentially the Federal Reserve might no longer be in a position to continue to cut interest rates if the labor market doesn't support it"