Fed Cuts Rates by Half Point in Bid to Defend Economy

What about Unemployment?

50bps cut! Yeah, you read that right. Job gains? Slowed down. Unemployment? Likely creeping up. They’re projecting a median 4.4% unemployment by year-end, compared to 4% just a few months ago. What does that tell you? The Fed doesn’t just pull the trigger on a 50bps cut unless they see red flags. Fewer hires, more cautious moves—businesses are hitting t…