Motley Fool Money The Big Macro Gets Bigger
Jul 12, 2024
Tom Gardner, CEO of Motley Fool, teams up with author Malcolm Gladwell to dissect big market themes. They discuss the Federal Reserve's focus on unemployment and federal deficits beyond inflation, as well as the mixed bag of bank earnings. Gardner dives into the strategic acquisition by AMD in the AI space and Costco's impactful membership fee increase. Together, they explore the relevance of underdog dynamics in business, encouraging innovators to break the mold against established giants.
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Broader Economic Focus
- The Federal Reserve ("Fed") considers various economic factors when determining interest rates, not just inflation.
- These include unemployment, the federal deficit, and overall spending, as highlighted by Fed Chair Jerome Powell and JP Morgan CEO Jamie Dimon.
Shifting Global Trade
- Jamie Dimon emphasizes that the era of exporting inflation to China is over.
- Restructuring trade and rising manufacturing costs in China will impact future inflation.
AMD's AI Software Play
- AMD's acquisition of Silo AI signifies a strategic move beyond hardware in the AI race.
- They aim to develop a proprietary software platform to compete with NVIDIA's CUDA.
