{"podcast":{"title":"The Pomp Letter","slug":"the-pomp-letter-3932923","podcast_index_feed_id":3932923,"rss_url":"https://api.substack.com/feed/podcast/1383.rss","website_url":"https://pomp.substack.com/podcast","image_url":"https://substackcdn.com/feed/podcast/1383/5a0c0f85ec9ff238d6fd120bf0480d8a.jpg","author":"Anthony Pompliano","episode_count":521,"summary":"Pomp's daily newsletter breaking down Bitcoin, business, and macro trends before they hit mainstream media. Join 270,000+ subscribers by signing up below.","last_synced_at":"2026-07-16T04:18:34.961267+00:00","page_url":"https://stenobird.com/podcast/the-pomp-letter-3932923"},"episode":{"title":"The Case for a 50 Basis Points Cut: Weak Jobs Data, Cooling Inflation, and a Split Fed","slug":"the-case-for-a-50-basis-points-cut-weak-jobs-data-cooling-inflation-and-a-split-fed","published_at":"2025-12-09T16:08:25+00:00","page_url":"https://stenobird.com/podcast/the-pomp-letter-3932923/the-case-for-a-50-basis-points-cut-weak-jobs-data-cooling-inflation-and-a-split-fed","show_page_url":"https://stenobird.com/podcast/the-pomp-letter-3932923","url":"https://pomp.substack.com/p/the-case-for-a-50-basis-points-cut","audio_url":"https://api.substack.com/feed/podcast/181104959/b917bf2458dcecef4e365c9bf6c84d72.mp3","summary":"Today’s letter is brought to you by Lava ! Lava’s bitcoin line of credit (BLOC) allows you to unlock your bitcoin’s purchasing power— instantly, flexibly, and securely— without selling your bitcoin. Now through the end of the year, Lava is offering a special promotional rate to all borrowers. Anyone who opens a BLOC this month will lock in a 5% interest rate, fixed for a full year. This is the last month to secure this rate for 2026. With Lava Refinance , you can easily bring your existing loans over to Lava and access the lowest fixed interest rates in the industry. Their white glove client services team will help you through the whole process. Lava allows you to borrow dollars in real time with no monthly payments, open terms, and full flexibility. Plus, you earn 5% APY on your USD balance, buy bitcoin with zero fees, and off-ramp globally. Grow your bitcoin wealth— without ever selling your bitcoin. To investors, Jerome Powell and the Federal Open Market Committee start their two day meeting later today and the market is closely watching whether the Fed will cut interest rates or not. Polymarket odds have a 25 basis point cut at 95%, while no change sits at a 5% chance. If the Federal Reserve cuts rates, this will mark the third consecutive cut of the year (following 50 basis points in September and 25 basis points in October) and serve as “insurance” against deepening labor market risks, even as inflation remains sticky above the 2% target. But I want to lay out the argument for the Fed to actually make a 50 basis point cut tomorrow. First, we know the labor market is softening, which is raising fears of a broader slowdown or recession if the situation is not addressed aggressively. Nonfarm payrolls added only 119,000 jobs in September. This is a sharp deceleration…","meta_description":"Today’s letter is brought to you by Lava ! Lava’s bitcoin line of credit (BLOC) allows you to unlock your bitcoin’s purchasing power— instantly, flexibly,…","key_points":[],"chapters":[],"topics":[],"duration_seconds":244,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/the-pomp-letter-3932923/episodes/the-case-for-a-50-basis-points-cut-weak-jobs-data-cooling-inflation-and-a-split-fed/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/the-pomp-letter-3932923/the-case-for-a-50-basis-points-cut-weak-jobs-data-cooling-inflation-and-a-split-fed.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}