Brew Markets The Fed Rallies Around Rate Cut and Lyft’s CEO in the Spotlight
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Sep 17, 2025 The Federal Reserve's recent rate cut signals a focus on labor market challenges. Workday is making waves with a spree of AI acquisitions, boosting its growth potential. Lyft's CEO, David Risher, is in the spotlight for his dynamic leadership and partnerships that are revitalizing the company. Additionally, there are rising tensions in US-China tech relations, particularly concerning Nvidia chips, which could impact trade negotiations. A lively discussion on these key topics showcases the current market landscape and its players.
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Fed Prioritizes Employment Over Inflation
- The Fed cut its benchmark rate 25 basis points to 4.0–4.25% in an 11–1 vote, signaling labor concerns.
- The dot plot shows more divergence with a median implying two more cuts but some officials favor far deeper easing.
Dot Plot Hides Big Disagreement
- The dot plot shows disagreement: some officials see only one more cut, one sees 1.25 percentage points of reductions.
- That outlier could imply a much faster easing path if its view prevailed.
Workday Bets On Agentic Platforms
- Workday is shifting from SaaS to an 'agentic' AI platform to defend against external AI threats.
- The company stresses AI agents for recruiting, payroll, and planning as core future offerings.