One surefire way for rate cuts starting at the end of this month would be if Jay Powell figures out the Oct-Dec landmine was real. The labor mkt is supposed to be on fire, and yet beginning Q4 2018 (the landmine) state and local tax collections of ind. inc. taxes have tanked. pic.twitter.com/2W1QDdQag2

— Jeffrey P. Snider (@JeffSnider_AIP) July 1, 2019