In early part of the year, who are the jokers who said that S&P won’t hit a new ATH before the end of the year?
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All the cry babies that got margin calls 
This is a game changer. It would allow the fed to cut rates without worrying about inflation despite how low unemployment is. There never was high inflation this rate increase cycle. Rates were proactively increased based on the expectation of inflation due to lower and lower unemployment rates. They are finally admitting they got that wrong.
I’ve been pointing out for years that the lower labor force participation rate and high number of part-time workers that want to be full-time would keep inflation low. It created a ton of slack in the labor market that needs removed before we get big inflation.
If we reformed welfare to eliminate the welfare cliff, then we’d have even more room to run. It’d force a whole bunch of part-time workers to go full-time. It’d also remove the penalty for taking a higher paying job which would help fill all the open jobs.
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