The Fed’s rate-cut hopes just got crushed as a surprise jobs surge of 172,000 in May flipped the script—now markets are pricing in rate hikes instead. New Chair Kevin Warsh, expected to ease policy, is now focused on stubborn inflation, while Trump pushes for cuts. Fed officials are likely to ignore political pressure, using strong employment data as cover to tighten policy. Warsh may also overhaul communication, ditching the “dot plot” and adding market uncertainty. Higher rates threaten big tech valuations, especially AI-driven firms like SpaceX, whose future profits lose appeal in a higher-interest-rate environment.
Support the show: Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN: advertise@thednn.ai
This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai.
Podden och tillhörande omslagsbild på den här sidan tillhör
The Daily News Now!. Innehållet i podden är skapat av The Daily News Now! och inte av,
eller tillsammans med, Poddtoppen.
