Market under pressure from AI names and Fed uncertainty - asks about Fed easing into decent economy equation
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Fed talking about not easing despite faltering economy, housing data doesn't make sense if economy is strong
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Firms moving toward cost containment and reduced employment, creating downward trajectory in labor market
Speaker2
This should keep Fed moving rates lower but they're talking like they're not going to
Asks if market will conclude holding rates in December is a mistake and why 10-year yields are up despite narrative
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If Fed doesn't ease, more likely to pull 10-year yield lower because economy has greater potential to weaken over long period
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Market needs consistent Fed but getting jerky reactions - 50 basis points rarely enough, trend matters more
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Direction of travel should be obvious given noise from companies, oddities, foreclosures - something not right with economy