Squawk on the Street SOTS 2nd Hour: A Divided FOMC, Rates & Real Estate, Plus: Lyft CEO Talks Waymo Deal 9/17/25
Sep 17, 2025
David Risher, CEO of Lyft, dives into the company's exciting partnership with Waymo, discussing fleet management strategies and future profitability in autonomous rides. Former SEC Chair Gary Gensler shares insights on quarterly reporting, crypto regulations, and market transparency. Willie Walker, CEO of Walker & Dunlop, analyzes mortgage and commercial real estate trends, highlighting the impact of rate changes. Together, they paint a vivid picture of the current economic landscape and what might come next.
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Market Priced Cuts May Not Lower Long Yields
- Markets expect a Fed rate cut of 25 bps, but longer-term yields and real economy effects may diverge.
- Higher structural deficits and inflation risks could keep the long end elevated despite cuts.
Fed Faces Conflicting Mandates
- The FOMC is deeply divided because weak labor data and still-elevated inflation create conflicting mandates.
- Dissents and the dot plot will reveal that members may choose 'stop-and-go' policy rather than a committed cutting path.
Follow Powell, Not Individual Dissents
- Listen closely to Chair Powell's press conference for guidance on the Fed's next moves and the likely pace of cuts.
- Treat individual dissents as signals but prioritize the Chair's communication for market direction.