Marketplace All-in-One

The stock market isn't the economy — but it's not nothing either

Dec 12, 2025
Sudeep Reddy, a journalist covering economic policy, analyzes the complex dynamics of the Federal Reserve and the implications of its recent meetings. Kate Davidson from Bloomberg discusses Jerome Powell's legacy and risks facing the U.S. economy, particularly the effects of K-shaped recoveries. Mitchell Hartman sheds light on stock market trends and how they shape consumer sentiment. Together, they explore the disconnect between the stock market and the broader economy, making it clear that while markets may soar, real economic challenges persist.
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INSIGHT

Fed Dissents Signal Economic Uncertainty

  • The Fed shows rising internal dissents because inflation and jobs data create deep uncertainty among officials.
  • That fragmentation makes cohesive forward guidance harder and clouds business and consumer decision-making.
ADVICE

Prepare For Mixed Fed Signals In Markets

  • Recognize that Fed communication aims at markets as much as the public; expect mixed signals when officials disagree.
  • Brace for harder-to-interpret guidance next year if committee views remain divergent.
ANECDOTE

Candle Shop Owner Hunts For Wax Amid Delays

  • Kalina Bruce of Noir Luxe Candle Bar says sales are up about 15% from last year during the holidays.
  • She recounts driving around Seattle to source wax after supply-chain delays disrupted her production.
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