This Morning With Gordon Deal This Morning with Gordon Deal December 19, 2024
Dec 19, 2024
The podcast dives into President-elect Trump's disruption of a bipartisan spending deal and the stock market's downturn following the Fed's rate cut predictions. It also discusses the emotional reunion of a dog with its family after a daring rescue. Listeners will find entertaining insights on office gift-giving etiquette, holiday planning quirks, and the rise of 'seat squatting' in air travel. Political tensions, personal hardships, and a light-hearted debate over Christmas movies make for an engaging and diverse conversation.
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Market Reaction to Fed Guidance
- The stock market tumbled after the Federal Reserve suggested fewer interest rate cuts in 2025 than anticipated.
- This caused concern among investors as lower rates can stimulate the economy but may also fuel inflation.
Fed's Challenge: Defining "Normal"
- The Federal Reserve faces the challenge of determining a "normal" interest rate for the post-pandemic economy.
- Factors like tariffs, deregulation, and immigration policies can significantly impact the economic landscape.
California Man Detained
- A California man was detained after communicating with the Wisconsin school shooter, Natalie Rupnow, about a potential attack.
- He allegedly planned to target a government building with a gun and explosives.