Marketplace WNBA franchises are a slam dunk in this iffy economy
8 snips
May 23, 2025 Amara Omokwe, who covers the Fed at Bloomberg, dives into the surprising success of WNBA franchises during economic uncertainty. She highlights the debut of the Golden State Valkyries, attracting 18,000 fans, showcasing the league's emphasis on community engagement over star power. The discussion also touches on the implications of international student enrollment on the job market and local resistance to lithium mining in the Andes, underlining how every story carries an economic angle.
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Fed's Cautious Rate Stance
- The Federal Reserve remains cautious amid tariff uncertainties and is likely to keep interest rates steady.
- Fed officials want more clarity before changing rates to avoid destabilizing an already uncertain economy.
Fed Weighs Hard and Soft Data
- The Fed is balancing stable hard economic data against worsening consumer sentiment and rising inflation expectations.
- They remain cautious but closely monitor these soft indicators to keep inflation expectations in check.
Economic Impact of Foreign Students
- Foreign international students contribute significantly to the US trade surplus through tuition and spending, supporting 300,000 jobs.
- Declines in their enrollment could shrink this surplus and harm university communities and local economies.