Fed approaches Easy Street, political pots boil

From France to Japan, Argentina to Indonesia, political upheaval around the world is swaying financial markets. Some of Monday's moves were dramatic, especially in Argentina where the peso slumped to an all-time low and stocks and bonds tanked following a local election on Sunday.The argument is the labor market is even weaker than soft headline numbers show. If benchmark preliminary revisions for April 2024-March 2025 jobs data on Tuesday are big enough, the case for 50 bps could mushroom.Could the Fed cut ...