
The Fed, that great machination of monetary policy, has not performed such a cut in nearly nine months, since the modest cut of 0.25% on December 18, 2024. The period of stagnation has been long, and now, the air is thick with anticipation. But why, dear reader, would the Fed decide to make such a move? Surely, inflation continues to hold its devilish grip, having reached 2.9%, still high above the sacred 2% target. Ah, but there is something else: the fragile pulse of the job market. Anemic, perhaps. The figures do not lie. Or perhaps, they do-but still, the concern is palpable.