Fed chair just dropped some clarity on their latest move - they pushed through another 25bp cut even though inflation data's been pretty quiet since October. Not much movement in the numbers, but they weren't waiting around.

Here's the interesting part: rates are basically sitting in neutral territory now. That "reasonable range" everyone's been talking about? We're there. Not too hot, not too cold - just hanging in what they're calling the sweet spot.

For those tracking macro signals, this positioning matters. When central banks talk about neutral rates, they're saying policy isn't pushing or pulling on the economy anymore. It's just... balanced. Whether that holds or shifts next quarter - that's the real question markets are chewing on right now.