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Office real estate appraisals are struggling more than during the financial crisis. The Fed plans another rate hike. The UAW, WGA, and SAG-AFTRA strikes are analyzed. Misconceptions about artificial intelligence are addressed. Ron and Matt discuss two stocks: Fairfax Financial and Nike.
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Quick takeaways
- The Federal Reserve expects to raise interest rates another time this year, indicating a shift in the investment landscape and potential implications for stocks and borrowers.
- The office real estate sector is facing a significant downturn, with declining property values and various contributing factors such as labor strikes and remote work trends, which may impact the broader economy and create potential investment opportunities in other sectors like REITs.
Deep dives
The Fed maintains current interest rates, indicating one more rate hike this year
After a recent meeting, the Federal Reserve decided to keep interest rates steady for the time being. However, there is a consensus among officials that there will be one more rate hike this year. The Fed officials also indicated that they expect to keep rates higher for a longer period of time. This news has led to mixed reactions in the market, with some investors hoping for rate cuts. The 10-year treasury yield is at its highest level since 2007, which could have implications for stocks and borrowers.
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