Martin Wurm, Director of Economic Research at Moody’s Analytics, shares insights on the Fed's unexpected 50 basis point rate cut. He discusses the balancing act the Fed must perform between inflation and employment. The conversation dives into the impact of these cuts on the housing market, revealing a surge in mortgage applications. Wurm emphasizes the importance of the Fed's independence amidst political influences, while the team plays a fun statistics game, unraveling the mysteries behind a striking 14.2% figure linked to the economy.