Do you agree with a "K-shaped" economy, the Fed Reserve cut interest rates .25% and forecast perhaps none for next year 2026 as the labor market is weak and inflation is persistent?

For context, this is a question I answered on Quora

This question appears incoherent. I believe you meant to ask do I agree we have a K-shaped economy with a weak labor market and persistent inflation. A K shape on a graph implies falling output prices occurring simultaneously with rising input prices, something which has been well documented in agriculture over the past several years with crop prices falling while costs for equipment, repair and maintenance, seeds, fertilizers and herbicides have spiked dramatically causing an unprecedented surge in farm bankruptcies. Applying this to the labor market would imply a rise in real wages for the top two quartiles of income earners and a decline in real wages for the bottom two quartiles of income earners. This pattern generally holds true for the bottom 50% as their wages have only grown at a rate of 1.5% while the annual rate of consumer price inflation has hovered between 2.5–3% over the past year.

Associated Press: Here's Why Everyone is Talking About a K-Shaped Economy

As I noted in a previous answer even when lower income earners experienced unprecedented nominal wage growth during the pandemic it was still overshadowed by higher unprecedented rent hikes that undercut their real wages and thus eroded purchasing power.

The nearly 11% increase in personal bankruptcies over the past 12 months is another general indicator of the K-shaped economy. Most of the increase has come from middle and lower income households