Fed Might Drastically Cut Rates—Because Why Not? 😂

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So, BlackRock bigwig Rick Rieder drops this gem: “Hey, maybe the Fed’s gonna cut rates by 50 basis points in September.” Because, obviously, a tiny jobs report is all it takes to turn the world upside down, right?

Rieder, the guy in charge of all that global fixed income stuff—sounds fancy—you know, the money part—says in a note to clients, “If the labor market keeps acting like a sloth, or if it’s still barely hiring like it’s an awkward family gathering, the Fed might just decide to go big—like, huge—and cut rates by 50.” 🎯

Meanwhile, the jobs report? Oh, just 73,000 new jobs in July—less than the 100,000 everyone was hoping for. Typical. Who needs full employment anyway? Not the market, apparently.

The CME FedWatch Tool, which is basically a crystal ball for nerds, says there’s an 80.3% shot the Fed cuts rates by 25 points. But a 50-point cut? Zero. Nope, nada. Not happening. Or is it?

Fed Chair Jerome Powell this week? Said nothing is set in stone. Yeah, sure. Just like that surprise party you forgot about. 🎉

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2025-08-02 12:21