The Fed's decision is a foregone conclusion. A weak labor market means a rate cut is a foregone conclusion. Current: 4.25% October 29th: 96% probability → 4.0% December 10th: 86% probability → 3.75% Key takeaway: Economic growth is outpacing inflation. Powell's term ends in May 2026, and the market expects the new chair, likely appointed by Trump, to take a more dovish Fed stance.
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