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E103: Tech layoffs surge, big tech freezes hiring, optimizing for profits, election preview & more
All-In with Chamath, Jason, Sacks & Friedberg
The Fed Funds Rate Is Going to Go to Five and a Half Percent
The Federal Reserve said this week rates will probably be higher than all of you think. Tech companies have to achieve 500 basis points above that minimum, he says. The problem with that is if you're trying to generate cash even three or four years from now it's not worth that much,. You need to generate dollars today and so they are really reprioritizing the value of short-term profits.
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