The Fed is Still Cutting in November

The hosts dive into the latest jobs report, doubting its significance for the Fed's decision-making. They highlight layoffs in tech and real estate while noting gains in leisure and healthcare. Discrepancies in labor market surveys reveal conflicting employment data. The conversation emphasizes the importance of understanding seasonal adjustments and deeper trends beneath surface statistics. Finally, they discuss how skepticism regarding reported data could shape future Federal Reserve policies and interest rate predictions.