Morning Brew Daily What the Coming Fed Rate Cut Means for Markets & Logan Paul vs. Lunchables
Sep 18, 2024
The anticipated Federal Reserve interest rate cut is discussed, shedding light on its potential impact on the economy. Instagram's move to set teen accounts to private aims to enhance user safety. Meanwhile, Oracle's AI advancements have skyrocketed Larry Ellison's wealth, making him the third richest person. YouTube stars launch Lunchly, a new product to rival Lunchables. Lastly, Flappy Bird makes an unexpected comeback, despite not having the original creator's support.
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Liverwurst's Rise and Fall
- Liverwurst was a popular dish in the mid-20th century, even served at Eisenhower's post-WWII celebratory dinner.
- Now, Boar's Head has stopped liverwurst production due to a listeria outbreak, but artisanal versions may reappear.
Fed Rate Cut and Soft Landing
- The Federal Reserve is expected to cut interest rates to stimulate the economy and prevent a recession.
- This move signals a potential victory against inflation, aiming for a rare "soft landing."
Rate Cut Predictions and Impact
- Experts are divided on whether the Fed will implement a 25 or 50-point cut, with investors favoring the latter.
- Rate cuts aim to lower borrowing costs, stimulating economic activity and potentially averting a recession.