Maggie Lake Talking Markets Episode 83: Will The Fed Give The Market What It Wants? With Jared Dillian.
15 snips
Sep 15, 2025 
Jared Dillian, an expert in finance and markets, shares his insights as the editor of The Daily Dirtnap. He discusses whether a 25bps rate cut by the Fed could be interpreted as hawkish amidst a backdrop of declining economic data. The conversation touches on gold’s remarkable rally since 1979 and President Trump's controversial proposal to eliminate quarterly earnings reports. Dillian also explores global investment trends, including Latin America, and reflects on the relationship between market sentiment and historical financial crises.
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Fed Likely To Cut 25bps, Not 50bps
- Jared expects a 25bps Fed cut is most likely and a 50bps cut remains unlikely despite weak recent data.
- He warns a single 25bps cut could be perceived as mildly hawkish and temper asset rallies.
Monetary Policy Versus Asset Strength
- Jared highlights we're cutting rates while stocks, bitcoin, gold and unemployment are all near strong levels.
- He concludes the Fed appears set to "run it hot," supporting asset prices across the board.
25bps Cut Could Be Viewed As Hawkish
- Jared says a 25bps cut could be seen as slightly hawkish and might dent stocks or front-end bonds.
- He doesn't expect major political fallout from a 25bps cut though critics will call it too little.