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.