Jobs Report — Biggest Job Loss in Years, Fed Forced to Cut Rates

"We are witnessing the biggest job loss in years, which is going to force the Federal Reserve to continue cutting interest rates."

"it's very likely job cut plans are going to surpass a million for the first time since 2020."

"Now, if you're if you're an investor in the stock markets or precious metals or crypto, then you're going to like these odds because rate cuts means that an easier monetary policy is coming and that's going to boost asset prices."

"The next Federal Reserve meeting is going to be on October 29th. Right now, there's a 96.2% chance that the Federal Reserve will cut interest rates at this upcoming meeting, and there's a 3.8% chance that they're not going to cut rates."

"They're expected to cut the interest rates this month by 0.25%, which would bring the Fed funds rate down to 4.0%."

"the meeting after October 29th, it's going to take place on December 10th, and there's an 86.3% chance that the Federal Reserve is going to cut interest rates at that December meeting as well."

"If the Federal Reserve cuts interest rates in October and in December, then the Fed funds interest rates going to fall from the current 4.25% to 3.75%."

"it is widely expected that the Federal Reserve is just going to continue to cut interest rates in 2026."

"Jay Powell, who's the chair of the Federal Reserve, is going to end his term in May, right? And most likely what's going to happen, President Trump's most likely going to replace him with someone that's going to cut rates aggressively."

"This number may seem low right now but I believe that yes AI is going to eliminate a large quantity of jobs in the years ahead."