That pretty much seals it, but it was 95% priced in anyway.From the Fed Governor (and candidate to be the next chair):Rate cuts beyond October will depend on dataIf job market continues to weaken, Fed should cut towards neutralNeutral is about 100-125 bps below current rateLabor market sending 'clear warnings' the Fed should be ready to actMain focus now is on the state of the labor marketSees slower path of cuts if GDP holds up or the jobs market speeds upTariffs having a modest impact on inflation, inflation on track for 2%No-hire, no-fire jobs market is 'ominous'Sees conflict between strong economic growth and weakening jobs marketI think it's ominous for a lot of reasons but the main one is that companies will find out they don't need as many employees with AI, and then robotics will be like a nuclear bomb. This article was written by Adam Button at investinglive.com.