Morning Brew Daily Fed’s Latest Rate Cut Reveals Uncertainty & Workers Turned Off By RTO Policies
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Dec 19, 2024 The podcast dives into the Fed's unexpected rate cut and its potential market impacts. There's a discussion on why a government spending bill may need revision and how Return to Office policies affect hiring rates. Fascinating insights about cognitive health reveal links between navigation skills and Alzheimer's risk. The decline in substance use among teens is highlighted, as well as the struggles couples face planning weddings around football games. Plus, there's commentary on emerging tech trends and their implications on the market.
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Fed Rate Cut and Market Reaction
- The Fed's rate cut and cautious outlook for 2025 spooked investors.
- They project only two cuts next year, revised inflation forecast to 2.5%, and expressed uncertainty about the future.
Controversial Spending Bill
- A stopgap spending bill to avoid government shutdown faced opposition due to inclusions like pay increases for Congress and stadium funding.
- Elon Musk and Vivek Ramaswamy's vocal criticism influenced the bill's withdrawal, showcasing their political power.
RTO's Impact on Hiring
- Companies with hybrid work policies increase headcount faster (1.6%) than those mandating office returns (1%).
- RTO is linked to brain drain, slower job filling, and high turnover, suggesting flexibility benefits hiring.