The revisions show that the the labor market is slowing downI saw that the risk to inflation is greater than the risk to employment.The risk to the employment side may becoming more in balance to the inflation sidedoes not think jobs data would have changed this week's FOMC decision.In many ways job market still looks good.I still am not hearing from businesses that there on the verge of letting go a lot of people.I do think with new information it's appropriate to reevaluateFor today, still expected one cut this year.Need to see how things evolve over coming months.Tariffs being in the psychology of the consumer for a much longer time period.Tariffs are not rolling out like textbook examples.If the tariffs are successful, Fed can't just look through them.Will take a while for firms to price for tariff rise.We are in a very difficult environment now.Do raise the salient to the employment side, but we can't ignore risks on the other side (inflation). There are risks on both sides of Fed's mandate Active debate on how restrictive Fed policy is right nowBy topic: Labor MarketThe revisions show that the labor market is slowing downIn many ways, job market still looks goodI still am not hearing from businesses that they're on the verge of letting go a lot of peopleDoes not think jobs data would have changed this week's FOMC decisionDo raise the salient to the employment side, but we can't ignore risks on the other side (inflation)The risk to the employment side may be becoming more in balance to the inflation sideInflation & RisksI saw that the risk to inflation is greater than the risk to employmentThere are risks on both sides of Fed's mandateTariffs are not rolling out like textbook examplesIf the tariffs are successful, Fed can't just look through themWe are in a very difficult environment nowTariffs & Consumer BehaviorTariffs being in the psychology of the consumer for a much longer time periodWill take a while for firms to price for tariff risePolicy & OutlookFor today, still expected one cut this yearNeed to see how things evolve over coming monthsActive debate on how restrictive Fed policy is right nowI do think with new information it's appropriate to reevaluat This article was written by Greg Michalowski at investinglive.com.