Squawk on the Street 2nd Hour: Countdown to the Fed, Salesforce CEO Marc Benioff, Housing Outlook for 2025 12/18/24
Dec 18, 2024
Marc Benioff, the visionary CEO of Salesforce, shares his excitement about the company’s plan to hire 2,000 talent to sell AI products. He emphasizes how this innovation represents a peak moment in his career. Alongside, insights are offered about the housing market outlook for 2025, highlighting the potential effects of Federal Reserve policies on this sector. The discussion touches on the impacts of advanced AI technologies and the competitive landscape, showcasing the transformative role of Salesforce’s Agent Force 2.0 in enhancing customer interactions.
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Fed Communication Challenge
- The Federal Reserve likely faces a communication challenge.
- They must justify a rate cut in a strong economy and manage expectations.
U.S. Economy's Relative Strength
- The U.S. economy stands out as strong compared to other global economies.
- The global economic landscape shows weakness in regions like Germany, France, Brazil, and even the U.K.
Yields and Fed Policy
- Uncertainty about the economy and inflation has pushed up yields, despite the Fed cutting rates.
- This suggests the Fed may not cut rates as much as anticipated.