Asking if current market expectations represent a big departure from post-Fed meeting sentiment
Contessa
Steve Liesman
Rate cut probabilities dropped from near 100% to 41% as 10-year yield rose to 4.14%, driven by Fed officials' concerns about persistent inflation beyond just tariffs
Asking what metrics could move rate cut probabilities further
Contessa
Diane Swonk
Fed facing inflation pressures from labor market shortages in elder care, daycare, childcare - affordability issues creeping up despite soft overall labor market
Diane Swonk
Fed losing credibility as inflation normalizes, with tariff sequencing mimicking inflation patterns
Highlighting real cost pressures forcing trade-offs between daycare and groceries, potentially explaining labor market participation issues
Contessa
Steve Liesman
Fed will have data gaps for October, getting inflation report on day two of December meeting
Steve Liesman
Hawks view low payroll growth as structural change not requiring monetary policy response