The U.S. economy seems a bit "hollow". In the first half of the year, economic growth slowed down, and the employment data was not as expected, with new job additions far below estimates. Although inflation is still somewhat high, the Fed is more concerned that the job market cannot hold up. Coupled with the pressure from the Trump administration, lowering interest rates has become an inevitable choice. Even within the Fed, some feel that the cuts are not aggressive enough; new board member Stephen Moore even cast a dissenting vote, calling for a 50 basis point cut! It seems the Fed is genuinely anxious this time.