Fed Chair Powell Says In October Said That There Was No Certainty Of A December Rate Cut, And That Was Indeed Correct; Why We Moved Today Is Due To Gradual Cooling In Labor Market; We Think There's Negative 20,000 In Payrolls Per Month; Labor Market Is Cooling A Touch More Gradually Than We Thought; Inflation Has Come In A Touch Lower; Evidence Is Growing That Services Inflation Has Come Down, And Goods Inflation Is Entirely Due To Tariffs; Doesnt Feel Like A Hot Economy