📉🇺🇸 FED CUTS RATES – First Move of 2025 🚨 ✂️ 25 bps cut del...

📉🇺🇸 FED CUTS RATES – First Move of 2025 🚨

✂️ 25 bps cut delivered – Powell & Co. shift gears as labor market cracks widen.

🛠 More easing ahead? Median “dot” = 75 bps cuts in 2025 (incl. today) → ~50 bps more to come.

⚖️ Pivot alert: Statement flags “downside risks to employment” – jobs now in the driver’s seat 🚦.

📝 Key details:

1 dissent 🚨 (Gov. Miran wanted 50 bps) → shows rising urgency on jobs risk.

Split FOMC 🏦 → 6 see no more cuts, 9 see two more moves.

Labor data flashing red 🔴 → NFP +22k, Unemp. 4.3%, jobless claims = 4-yr high.

Powell’s Jackson Hole ⚠️: “Downside risks to employment can materialize quickly” → now playing out.

📊 Market pulse:

Yields lower ⬇️

Dollar weaker 💵

Gold & Silver shining ✨

Equities under pressure 📉 → investors worry Fed may be behind the curve.

🔥 Takeaway: The Fed is no longer just watching inflation 🧐 — it’s pivoting hard to protect jobs.

Labor risks = the new North Star 🌌.

Disc: https://www.kotaksecurities.com/disclaimer/commodities – Kotak Securitie