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A Fed Governor just dropped some interesting takes on where rates might be headed. Stephen Miran's reading the tea leaves - inflation numbers came in better than most expected, and the job market? Still showing some cracks.
His call? Push for another rate cut in December. That'd make it three in a row if it happens. The logic tracks: softer inflation gives them room to move, and employment weakness means they probably should.
For anyone watching macro closely, this matters. Rate trajectory shapes everything from capital flows to risk appetite. December's FOMC meeting just got a bit more interesting.