This article has been translated from English to Gen Z Slang.
The Federal Reserve’s meeting lowkey served some tea on September 16-17, spilling the beans on how they're stressing 'bout the weak job market. 😅 Most of the squad supports more rate cuts this year, even though they're kinda sus about inflation. 📉
ICYMI, the Fed already made a lil’ snip-snip, cutting rates by 25 bps to hang around 4.00-4.25%, but our boy Stephen Miran was like, nah, let’s go big with a half-point cut. 🪓
So, the minutes were like, these decision-makers are stuck choosing between two vibes. They've noticed that “if they ease up too early and inflation stays high, peeps might start trippin' out about future inflation. 🤑”
On the flip side, “keeping rates sky-high too long could boost unemployment for no good reason, and the economy might fall off a cliff. 🏠➡️🌊”
While inflation still seems like the big bad wolf, most peeps noticed that job risks have gotten more serious since the squad last met. 🌪️
This is a sneaky but big switch from before when inflation was the only drama. 🤔
Key Takeaways
- Majority of the Fed gang thinks it's vibe check time to maybe chill on the policy further in 2025
- The 10-9 squad split on more cuts is major tea on how the decision-makers aren't vibing on the pace of easing 💔
- Mood: Employment struggles are on the rise 📉, while inflation’s chillin'
- Stephen Miran was the odd one out, pushing for a bigger cut, making his mark as the only vote against the small chop 🔪
- Some peeps in the Fed said financial zones kinda look chill, showing maybe policies ain't that harsh
Link to official FOMC Meeting Minutes (September 2025)
The gang was barely split 10-9 on whether to go all in with two more cuts or to play it safe, showing there's no squad goals happening with easing. 😅
Some members signaled that things might not be as tight as they were thinking before. MMM.
About jobs, the crew figured current vibes “didn’t show any major job apocalypse,” though they admitted job gains slowed, and unemployment sneakily crept up to 4.3%. The BLS dropped some throwback shade, hinting that March payrolls were 900k less than they originally said, making job worries more real. 📈
Market Reaction:
U.S. Dollar vs. Major Currencies: 5-min
Overlay of USD vs. Major Currencies Chart by TradingView
The USD had a moment, ticking up when the T was spilled, but then was like “nah fam,” went south, and stayed in its emo phase for about an hour. 👎
The whatever reaction showed markets already thought the Fed was on its chill mode after the 25bp cut. No big shocker that peeps are mostly down for more chill otherwise. ☕The dollar's slowdown lasted into the session but didn’t cause any drama, reflecting all the "IDK" vibes about the Fed’s next move. With the gov shutdown, key intel is MIA, so traders ain’t making bold plays before the Oct 28-29 Fed meet-up. 🙅♂️
The dollar’s day ended low key, keeping vibes mostly low 🎭, except versus the Aussie dollar that wasn't playing the game. 📉
