[verse]

Mmm, yeah…

December dreams…

Fed in the balance…

Ohhh-woah…

Baby, it’s pressure on the Fed tonight,

[chorus]

Tryna see if they gon’ hold or bring that rate down right.

Markets dancin’, curves romancin’, nothin’ stayin’ still,

IS risin’, LM tight, got ‘em questionin’ the thrill.

And the FE line glowin’, labor runnin’ too strong—

So December got ‘em thinkin’, “We can’t move wrong…”

[verse]

Yeah, the outlook glitter but the shadows still grow,

Inflation coolin’ down, but not as fast as they hoped.

IS burst from demand, fiscal hittin’ like a drum,

Consumers still vibin’, they ain’t slowin’ where they from.

LM curve stiff, money flow tuggin’ at the seams,

Banks tightenin’ credit, crashin’ all the easy dreams.

FE screamin’ full employment like, “We good over here,”

But the Fed sees heat under the hood they still fear.

SRAS inchin’ upward—supply takin’ its time,

LRAS sayin’, “Long run fine,” but short-run ain’t aligned.

One move wrong, AD could rise and light the fire,

Then prices climb back—ain’t nobody desire.

So they watch every signal like a lover who lied,

Heart wants to cut, but the mind can’t decide.

Baby, it’s pressure on the Fed tonight,

Tryna see if they gon’ hold or bring that rate down right.

Markets dancin’, curves romancin’, nothin’ stayin’ still,

IS risin’, LM tight, got ‘em questionin’ the thrill.

And the FE line glowin’, labor runnin’ too strong—

So December got ‘em thinkin’, “We can’t move wrong…”

PCE still whisperin’, “Don’t lose control,”

Inflation expectations tryna play that role.

GDP flexin’, still a little too bold,

Makes a cut feel risky when the truth unfolds.

If they hold too long, growth could start to fade,

But if they cut too fast, might regret what they made.

AD shift right, SRAS too slow,

Price level rising—yeah, the Fed already know.

Markets bettin’ cuts heavy like dice on the floor,

But credibility matters—can’t just give what they askin’ for.

So December lookin’ like a crossroads drawn,

One move sets the night, next move sets the dawn.

Ohhh, dual mandate callin’,

Keepin’ prices from fallin’,

Holdin’ jobs when they stallin’…

They just tryna find the truth.

Mmm, all these models collide—

IS, LM, FE in the night…

AD and SRAS fight—

[chorus]

What’s the Fed gon’ do?

Baby, it’s pressure on the Fed tonight,

Tryna see if they gon’ hold or bring that rate down right.

Market signals all conflicted, nothin’ feelin’ clear,

IS shiftin’, LM liftin’, FE whisperin’ in their ear.

Yeah, the labor still burnin’, inflation not fully gone—

So December got ‘em thinkin’,

“We can’t move wrong… no, we can’t move wrong…”