Renaissance Macro Chief Economist Neil Dutta said a potential 25 basis point rate cut by the Federal Reserve this week would represent a manageable-risk operation, comparable to September's reduction which Chair Powell characterized as a risk management measure, Jin10 reports. Ongoing labor market softness supports expectations for inflation moderation, with recent corporate layoff announcements reflecting increasingly challenging employment conditions. Dutta added that core inflation would align closely with the Fed's target when tariff effects are excluded.