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The podcast discusses the Fed's focus on unemployment and federal deficit, bank earnings mixed bag, AMD's AI acquisition, Costco's membership price hike. FoolFest 2024 flashback with Gladwell on small businesses. Stocks discussed: JPM, WFC, DAL, AMD, COST, ELF, SCHW
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Quick takeaways
- Federal Reserve closely monitors unemployment and federal deficit alongside inflation for interest rate decisions.
- AMD's strategic acquisition of Silo AI marks a competitive step to challenge industry giants like Nvidia in GPU business.
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Federal Reserve's Response to Inflation Metrics
Recent inflation data presents conflicting views on potential rate hikes, with the Producer Price Index (PPI) rising more than expected, signaling a negative indicator for inflation. On the other hand, the Consumer Price Index (CPI) showed a decline, contradicting the PPI results. Fed Chairman Powell hints at lower rates, but the timing and extent remain uncertain, with markets anticipating rate cuts. Powell emphasizes the focus on employment alongside inflation concerns.
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