William Dudley is a former NY Fed President and is calling for a 50bp Cut in the Fed Rate tomorrow.

The Federal Reserve focuses primarily on two key factors: inflation and the overall economy. Inflation, heavily influenced by shelter costs and auto insurance, can sometimes paint a misleading picture of the true inflation landscape.

The job market continues to show signs of weakening, with the unemployment rate increasing by 0.8% so far this year.

Dudley highlighted that 92% of the 4 million jobs created were part-time or self-employed positions, yet they are still counted as full-time jobs. This skews the data, masking the decline in job quality.

What to know the Power of Amazon? Last months retail sales rose 0.1% primarily due to Prime Day from Amazon. $14.2 Billion in sales on one day.

Rates continue to improve as we hold our collective breath for tomorrows Fed Announcement. I have my money on a 50bp drop then another 25×2 by the end of the year.