Stagflation -
High Inflation - Low Growth.
Is the greatest threat to the U.S. economy (by far).
The Fed lowering Interest rates in the Trump tariff environment will (not) help the labor market (at all).
The Fed should have at least held Interest rates steady this month.
Layoffs continue to Increase, and will ramp up (even more) during 2026 with the (Very strong possibility) of a Major recession; enroute.