Prof G Markets: Is AI the Hollywood Killer? + Amazon’s New Return to Work Policy
2024/9/23
The Prof G Pod with Scott Galloway
Chapters
Scott and Ed discuss the Federal Reserve’s recent rate cut, its potential impact on the housing market, and Chairman Powell’s overall performance in managing the economy. They acknowledge the widespread opinions on monetary policy but emphasize Powell's expertise and access to data as key factors in his decision-making.
- The Federal Reserve cut interest rates by 50 basis points, double the economists' predictions.
- Markets reacted with an initial surge but ended lower.
- Chairman Powell is considered highly consequential for navigating the economy to a soft landing.
- A rate-cutting cycle typically leads to a market increase of 12% to 14%.
- Lower interest rates can potentially free up housing supply by encouraging non-movers to sell.
Shownotes Transcript
