Policy circles are split right down the middle on the next move. One camp argues the jobs picture is fragile enough—any additional tightening could tip workers into a rougher spot, and nobody wants that snowball effect. The other side? They're laser-focused on price pressures that refuse to cool off, warning that easing up now might let inflation creep back with a vengeance. It's a classic tug-of-war: protect employment or keep the inflation dragon caged. Either path carries serious ripple effects for markets, especially risk assets watching every Fed signal like hawks.