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Jacob: Three fed members will speak. None of them are Jay Powell, Jay Powell, the chairman of the Federal Reserve is on the more dovish side of the members of the Fed. But you have several members now saying, we do not think that the economy currently elicits another rate cut in 2019. We knew we were getting the one in September, but don't know about more and certainly have some members that are slightly on the more hawkish side, if you would even call it that at this point. You have the Boston Fed, President Eric Rosengren, Dallas Fed President, Robert Kaplan, New York fed President, John Williams. They'll all speak. You want a hear from them. Some of those could be, the Fed members that are not dovish, that are not looking for, don't think there should be another rate cut in 2019. What are the facts? GEP has decelerated since late 2018. It bumped up against 4% at one point. It's now trending around 2% roughly. Inflation, staying , the word is stubborn, staying at 2%, for a long time. Good News. Unemployment at 3.7%. Consumer continues to be strong. Trade war, if it worsens, it's going to create more drag in the economy. It already has because of business uncertainty, less investment, less hiring that potentially some people tell me could be a threat to the consumer with less hiring. So you have a picture there where you understand why there are rate cuts, but don't want to sound like your mother here, but be open to the possibilities here of no further rate cuts. Listen to what these three guys have to say. They have a case to make and it's not the case for rate cuts. So listen up to that.

The Federal Reserve lowered interest rates and is deciding on whether there will be another cut come the end of 2019. 

But several Fed members have recently vouched for a no-cut post the September cut. Now, those members are set to speak. 

New York Fed President John Williams, Boston Fed President Eric Rosengren and Dallas Fed President Robert Kaplan will all speak. Investors will be listening out for signs of less dovishness. As the Fed has recently turned slightly less willing to cut interest rates for a third time in 2019, it will be at least interesting to see where these members stand. 

Fed chairman Jerome Powell has indicated in his comments he is closer to the rate-cutting camp, but has deferred to his colleagues on the possibility of not cutting rates anymore in 2019, by speaking about maintaining low rates rather than explicitly speaking about cutting them from here. 

Since the middle to end of 2018, U.S. GDP growth has decelerated from 4% to around 2%. Inflation has remained at roughly 2%. Unemployment, though, has remained strong at 3.7%, enabling the consumer to be strong for the moment. The trade war, while potentially taking a turn for the better, is still a glaring 'x' factor. Many are concerned the reduced capital expenditures from companies uncertain about the future of trade will reduce hiring enough that  the strong consumer will become weak. The consumer comprises roughly 70% of the country's economic output. 

The case for lower rates is clear. But a strong jobs report out Thursday and recently positive GDP and inflation points have helped to lower the probability of a third interest rate cut in 2019 to 55%, down from above 80% a week ago. 

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