Neil Dutta of Renaissance Macro believes that the job market will eventually drive the pace of the Federal Reserve's interest rate cuts. “The labor market situation has cooled down,” he said. Why does the Federal Reserve think this will stabilize itself? It can't and won't, which means ultimately a policy response is needed.”

Neil Dutta of Renaissance Macro believes that the job market will eventually drive the pace of the Federal Reserve's interest rate cuts. “The labor market situation has cooled down,” he said. Why does the Federal Reserve think this will stabilize itself? It can't and won't, which means ultimately a policy response is needed.”