In this week’s Trading Take, Beimnet Abebe from Galaxy Trading joins Alex Thorn to discuss the Federal Reserve’s recent decision to cut rates by 50 basis points. Despite some market expectations of a smaller cut, this significant move marks the start of an easing cycle, reflecting shifts in labor market dynamics and inflation trends. Beimnet offers insights into the Fed's strategic response to cooling employment and inflation, emphasizing the importance of these economic indicators over the central bank's monetary policy decisions. He also touches on the broader implications for the economy and risk assets, questioning whether current equity valuations are overly optimistic given the potential slowdown. Tune in for an in-depth analysis of the Fed's actions and their potential ripple effects across financial markets. Listen to the full episode here.