What Trump Tariffs Mean for Prices & Fed Cuts Rates, but Mortgages Are Up?
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. 00:00 - Encumbered incumbents? 2:45 - The Fed cuts rates again 7:00 - Mortgage rates rising 10:20 - Global economies react to Trump’s win 16:45 - Stock of the Week: Prison business 19:10 - Dog of the Week: Retailers 23:00 - Other headlines Subscribe to Morning Brew Daily for more of the news you need to start your day. Share the show with a friend, and leave us a review on your favorite podcast app. Download the Yahoo! Finance App (on the Play and App store) for real-time alerts on news and insights tailored to your portfolio and stock watchlists. Get your Morning Brew Daily T-Shirt HERE: https://shop.morningbrew.com/products/morning-brew-radio-t-shirt?_pos=1&_sid=6b0bc409d&_ss=r&variant=45353879044316 Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow Learn more about your ad choices. Visit megaphone.fm/adchoices