Looks like Miran's call on rate cuts is spot on. The latest Challenger report just dropped a bomb—hiring intentions have completely collapsed, hitting levels we haven't seen since 2010. That's not just a minor dip; we're talking about companies slamming the brakes on expansion plans across the board.

When corporate America gets this cautious about adding headcount, it screams economic anxiety. The Fed's gotta wake up here. Keeping rates elevated while the labor market's showing these kinds of cracks? That's how you turn a slowdown into something uglier. Time to ease up before this becomes a full-blown problem.