The job numbers were bad. Maybe they get revised or not. The fomc goals are only tangentially targeting the financial market as long as they function. Right now the bond market is greatly worried about the uncertainty of the election. The Fed would be foolish to react to the 10 yr right now. Time to get out of the ivory tower. If you are right, the fomc can pause or stop cutting. But what if you are wrong?
The job numbers were bad. Maybe they get revised or not. The fomc goals are only tangentially targeting the financial market as long as they function. Right now the bond market is greatly worried about the uncertainty of the election. The Fed would be foolish to react to the 10 yr right now. Time to get out of the ivory tower. If you are right, the fomc can pause or stop cutting. But what if you are wrong?