Stock Markets Agree Rate Cuts Are Coming. How Far the Fed Will Go.
1. Fed Beige Book shows economic activity stagnating across most districts. 2. High consumer sentiment despite a slow labor market and upcoming job report. 3. Market expects a quarter-point rate cut with 98% probability this month. 4. Tariff impacts are concerning for public companies amid pricing issues. 5. Major workforce cuts expected from ConocoPhillips as demand lags.