Cathie Wood: The Fed Will Cut Rates Next Year

The video discusses whether the Federal Reserve will continue to hike interest rates or reverse them next year. It highlights signals of economic weakness, such as stagnant household employment and rising claims, despite recent nonfarm payroll gains. The discussion also covers increasing layoffs, as indicated by the Challenger survey, and a significant inventory glut. The labor market's recent hires are seen as temporary, with potential unwinding due to these economic conditions.

What does the Challenger survey indicate about layoffs?

What is the significance of the inventory glut mentioned in the text?