Episode 449: Neal and Toby recap the Fed meeting through the lens of an incoming Trump presidency and whether Fed Chair Jerome Powell’s goal remains the same. Then, while the inflation rate has gone down, mortgage and borrowing rates continue to climb…what’s the deal?? Next, a recap of how the world economies are reacting to the election and Trump’s proposed plan of broad-based tariffs. Meanwhile, the Stock of the Week is the private prison business and Dog of the Week are US retailers. Lastly, a rundown of the biggest headlines heading into the weekend. #economy #fed #mortgage #trump #election #trade #tariff #stocks #retail #chatgpt #ai
00:00 - Encumbered incumbents?
2:15 - The Fed cuts rates again
6:30 - Mortgage rates rising
9:50 - Global economies react to Trump’s win
14:40 - Stock of the Week: Prison business
17:00 - Dog of the Week: Retailers
21:00 - Other headlines
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Morning Brew Daily, a daily talk show that covers the latest news on business, the economy, and everything else, with Neal Freyman and Toby Howell. Witty, informative and everything you need to start your day. Available on all podcasting platforms and Youtube.