Morning Brew Daily Fed Holds Rates Steady… Again & Wall St. Loves Meta's AI Vision
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Jul 31, 2025 The podcast delves into the surprising 3% GDP growth in the U.S., defying expert predictions. The Federal Reserve keeps interest rates steady, even with pressure from President Trump. Meanwhile, Meta generates buzz on Wall Street with its ambitious 'superintelligence' AI initiative. There's also a highlight on India's rise as a top smartphone exporter as manufacturers shift strategies. Finally, a quirky take on the resurgence of marriage rates and food innovation with the Hershey's and Mondelez collaboration adds a flavorful twist.
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Morning Brew's Humble Origins
- Neil Freeman shares the humble beginnings of Morning Brew, started in a small WeWork closet with four people.
- He recalls writing newsletters from unusual places, like Madison Square Garden during a Rangers game.
Imports Distort GDP Growth
- The GDP growth was boosted largely by a sharp drop in imports, which distorts the economic picture.
- This makes it difficult to gauge the true health of the economy underneath headline numbers.
Fed Balances Inflation and Jobs
- The Federal Reserve held interest rates steady despite pressure to cut them.
- They prioritize managing inflation over political demands, balancing between inflation control and employment.