In the US it seems as though the Fed Reserve is too late to the party easing off on interest rates and there is evidence that the Bureau of Labor Statistics over estimated the number of non farm jobs by 800,000 within the 2.9 million it was using as a case for keeping rates where they are.
The Fed Reserve has said 'now is the time to cut' and 'we do not welcome further cooling in labour market conditions'.
Sounds like it is going to start cutting urgently and a full percentage point is priced in by the end of the year. Maybe a big one of 50 basis points. Looks like the big one is coming - my tip is it will be panic stations soon
The Bear Room, page-3009
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