Key to watch small business sector, that's what moves the economy: Richard Fisher

Group 1 - The Federal Reserve's dual mandate includes managing inflation and ensuring employment, which creates tension between job growth and price stability [2][10] - The Kansas City Fed has a historical tendency to adopt a hawkish stance, indicating a cautious approach towards rate cuts despite pressures from political figures [4][5] - Small and medium-sized businesses are crucial for job creation in the U.S., accounting for 80% of jobs and holding about 50% of employment, suggesting that their performance is more indicative of economic health than larger companies [8][9] Group 2 - Current economic indicators show a mixed picture, with some data suggesting a slowdown while others indicate stability, highlighting the complexity of the economic landscape [7][8] - The 10-year Treasury yield remains steady, which is critical for businesses, as they rely more on long-term rates than on the Federal Funds rate [7] - There is skepticism regarding the likelihood of further rate cuts unless there is a significant economic downturn, with the Fed expected to maintain its principles against political pressures [6][10]