Fed's Daly: It's premature to say definitely cut or no cut in December

• US economy has cautious optimism
• There is a premium on waiting to decide rates until you have as much info as possible
• Inflation is on its way down but still stubborn
• The labor market has slowed quite a bit

Dec cut odds are down to just 54%. She still sounds inclined to support a cut but I take her comments at face value that she's on the fence. It's certainly shaping up to be an interesting meeting.

More:

• We haven't heard a lot about net job losses from AI
• Don't know how patient AI investors will be to wait the decade needed

Oh I know exactly how impatient they will be...