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The podcast discusses the latest economic report, highlighting the S&P 500 hitting a record high and the GameStop guy owning 9 million shares. It also covers interest rates, inflation, job growth, and the implications for your wallet.
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Quick takeaways
- Interest rates expected to remain steady until September, potential for rate cuts across the rest of the year.
- Inflation holds at 3.3%, exceeding the Fed's 2% target, amidst positive job market growth.
Deep dives
Federal Reserve Interest Rates and Market Expectations
The Federal Reserve decided to keep interest rates steady, as widely anticipated. Market expectations are now leaning towards a 71% probability of a rate cut by the September meeting. Analysts predict potential rate cuts across the remaining meetings this year, estimating benchmark interest rates to decrease by 50 to 75 basis points.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode