Comparing Fed meeting minutes shows acknowledgment of job market weakening with unemployment edging up through September
Kelly Evans
David Francis
Unemployment remains historically low despite recent uptick; labor market normalization focused on young individuals, not broad deterioration
Three dissents on dot plot with six potential dissenters; some regional bank presidents hesitant to cut in speeches but voted for cut
Kelly Evans
Jim Caron
Fed meeting net dovish despite raising bar for next rate cut; balance sheet expansion starting now in December rather than early next year
Tech ETF on 13-day win streak (longest in 8 years); silver and gold rising; Fed balance sheet action coming faster than expected
Kelly Evans
Jim Caron
Liquidity injection maintaining bullish sentiment in markets despite higher bar for next rate cut