Morning Brew Daily What Trump Tariffs Mean for Prices & Fed Cuts Rates, but Mortgages Are Up?
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Nov 8, 2024 The discussion dives into the potential economic shift as Trump heads back into the presidency and how that affects the Federal Reserve's strategies. Despite a drop in inflation, mortgage rates are still climbing, leaving many puzzled. The implications of proposed tariffs on trade, especially with China and Europe, are analyzed, revealing potential price hikes for consumers. A humorous twist is added with tales of monkeys on the loose, while serious reflections on retail challenges and FDA proposals keep things engaging.
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Fed Rate Cuts and Job Market Focus
- The Federal Reserve cut interest rates, signaling satisfaction with inflation levels.
- The focus shifts to the job market and lowering borrowing costs.
Trump, Powell, and Fed Independence
- Trump's strained relationship with Jerome Powell raises questions about Fed independence.
- Trump's potential to appoint a new Fed chair in 2026 adds complexity.
Impact of Trump's Policies on Fed Rate Cuts
- Trump's policies, like tariffs and tax cuts, could increase inflation.
- This might lead to fewer future rate cuts by the Fed.