Rate Expectations, A Property Hot Spot & Zelenskiy Meets Griffin, Ackman
Sep 21, 2023
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On today's podcast, Federal Reserve Chair Jerome Powell discusses the need for higher borrowing costs due to US economic strength. The Bank of England's decision on interest rates is awaited. Zelenskiy meets financial heavyweights Ken Griffin and Bill Ackman. Tax breaks and low interest rates have fueled the housing market in Switzerland.
Renewed US economic strength prompts the Federal Reserve to extend higher borrowing costs for a longer duration.
The Bank of England's decision on interest rates is awaited, poised between factors like inflation and unexpected economic drops.
Deep dives
AI and Trusted Data
AI has the power to automate, but the trustworthiness of the data it uses is crucial for reliable results. The podcast discusses the importance of using trusted data to ensure that AI outputs are trustworthy and accurate. Businesses need to prioritize using the right AI that is tailored to their specific needs and is trained, tuned, and deployed with trusted data.
Fitness Training with Virtual Reality
Professional soccer player Marcus Rashford used Rezol's virtual reality training program to maintain his skills and regain confidence after a shoulder injury. The podcast highlights the effectiveness of virtual reality in sports training, providing athletes with an immersive and realistic experience to enhance their skills and facilitate recovery.
Fed's Rate Decision and Outlook
The Federal Reserve has signaled a need to keep borrowing costs higher for longer due to the renewed strength of the US economy. The podcast covers the Fed's intention to raise rates further to combat inflation and achieve an economic soft landing. The potential implications of the Fed's decision on bond and equity markets are also discussed. Additionally, the podcast highlights the close-run decision of the Bank of England on whether to raise rates, considering unexpected drops in inflation and other economic factors.