How big will the Fed go?
Episode description
It’s decision week for the Federal Reserve! Chair Jerome Powell and his colleagues are expected to reduce interest rates for the first time since 2020. Investors are predicting a half-percentage-point cut, but we’re on Team 25. We’ll explain why. Plus, the origin of the false rumors about Haitian immigrants that reached the presidential debate stage. And why the cost of your Temu and Shein orders may go up.
Here’s everything we talked about today:
“Stock Market Today: Investors Bet on Bigger Fed Cut” from The Wall Street Journal
“Elon Musk Writes, Then Deletes, a Post Musing About Threats to Biden and Harris” from The New York Times
“Biden Takes Aim at China’s Temu and Shein With Trade Crackdown” from The Wall Street Journal
“‘It just exploded’: Springfield woman claims she never meant to spark false rumors about Haitians” from NBC News
“In celebration of being a terrible gardener” from The Washington Post
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