Morning Brew Daily Fed Holds Rates Steady & 'X' Worth $44B Again?
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Mar 20, 2025 The podcast dives into the Federal Reserve's decision to keep interest rates steady, with Chair Jerome Powell navigating economic uncertainty. Elon Musk's platform X surprisingly rebounds to its original valuation, sparking interest from advertisers. Ben & Jerry’s faces fallout from a CEO firing linked to political stances. Listeners also learn about Volkswagen's profitable currywurst venture and the French Bulldog's social media charm. Plus, there's a fascinating discussion on how AI might help crack the code for March Madness brackets!
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March Madness Bracket Tips
- Avoid high-altitude teams in March Madness brackets, as their regular season records are often inflated.
- Consider the "kill shot" metric, which tracks teams' ability to go on 10-0 scoring runs.
Fed Holds Rates Steady
- The Federal Reserve kept interest rates steady, balancing inflation control with job support.
- They project two more rate cuts this year, but uncertainty remains, as inflation is expected to rise.
X's Valuation Rebound
- Elon Musk's X is now worth $44 billion, its original acquisition price, after a significant drop.
- Increased advertiser spending, cost-cutting, new features, and AI integration contribute to its recovery.