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The podcast covers topics such as the Federal Reserve's interest rates, the COP28 climate summit, and Israel's pursuit of Hamas. It discusses the compromise agreement at COP28, the complex situation in Israel, the desire to keep fighting, and the extent of Israel's control over Gaza. The chapter also explores resistance, global support, and the possibility of a sustainable solution in the future.
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- Interest rates may decrease next year after being maintained at a 22-year high.
- The COP28 climate summit reached an agreement to transition away from fossil fuels, but lacks specific deadlines and mechanisms for achieving the global net zero emissions goal by 2050.
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Federal Reserve keeps interest rates steady
The Federal Reserve announced that it will maintain interest rates at a 22-year high. Although rates may be near their peak for this tightening cycle, projections indicate that they could decrease by as much as 75 basis points next year. This news excited investors, leading to a 1.4% jump in the S&P 500.
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highlights
Listen to the best highlights from the podcasts you love and dive into the full episode