Morning Brew Daily Fed rate hikes ending?, TikTok on the Hill, SCOTUS Poop Case
Mar 23, 2023
Interest rates might be stabilizing as the Fed hints at halting hikes. TikTok's CEO faces Congress amid data privacy scrutiny, showcasing contrasting loyalty from users. A quirky Supreme Court case involving a parody dog toy takes center stage. Celebrities are battling legal woes for crypto endorsements, as Taylor Swift's wealth continues to soar. The playful cultural commentary transcends to innovative venues like a baseball Topgolf experience, merging sports with entertainment.
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Fed Rate Hikes
- The Federal Reserve raised interest rates for the ninth consecutive time, reaching the highest level since 2007.
- Jerome Powell's actions aim to control inflation while navigating the recent banking crisis.
TikTok CEO Testimony
- TikTok CEO Shou Zi Chew testified before Congress, addressing data privacy, platform's effects on kids, and the company's ties to China.
- TikTok is fighting back by portraying Chew as a relatable tech CEO.
Jack Daniel's Poop Case
- The Supreme Court heard a case between Jack Daniel's and a toy company that created a dog toy resembling a Jack Daniel's bottle filled with dog poop.
- The case highlights the clash between copyright infringement and First Amendment parody law.