America's Labor Market is Crashing — Fed Can't Ignore This

"Right now, there's a 68.7% chance that the Federal Reserve will cut interest rates by a quarter point, so 0.25% 25% at the December meeting and there's a 31.3% chance that they're going to leave interest rates alone that they're not going to cut."

"However, I just want to say it's not a sure thing. It's actually far from it because at the last Federal Reserve meeting, at the press conference, Jay Powell said that they're being data dependent to make their decisions for December."

"So, Jay Powell, who's the most I mean, he's the chair of the Federal Reserve, so he's got the most influence at the Fed, he gave a neutral answer. When the reporters asked him about his thoughts about what's going to happen in December, he talked a lot, but he he said a whole bunch of nothing. That's just what I dissected from it. He danced around the questions by saying that, "Oh, they're going to be we're going to be data dependent and we might slow down, but we might not." Like just saying nonsense."

"So, I do agree that it's more likely than not that the Federal Reserve will cut interest rates in December again by their quarter point."