Monetary Policy Stance - The decision to cut was divided, with two official dissents and soft dissents from four others, indicating internal disagreement on the appropriate policy path [1] - The FOMC generally agrees that inflation is too high and the labor market has softened, but they differ on how to weigh these risks and what their forecasts indicate [2][3] - The committee believes it is well-positioned to wait and see how the economy evolves, especially considering the effects of the previous 75 basis points cut are still unfolding [5] - The committee made a decision with nine out of 12 supporting it, showing fairly broad support [4] Data Assessment - The committee will need to carefully assess household survey data, as data collection in October and half of November may have been distorted due to technical reasons [6][7] - The committee expects to receive a lot of December data by the January meeting, but will scrutinize CPI and household survey data for potential distortions [7][8] Internal Discussions and Communication - The discussions within the FOMC are considered thoughtful and respectful, even with strong views and disagreements [3][9] - The dissents are not seen as counterproductive, but rather as a reflection of the complicated economic situation [8][9] - Many outside analysts agree that a case can be made for either side, highlighting the challenging nature of the current economic environment [9] Economic Outlook and Challenges - A large number of participants agree that risks are to the upside for both unemployment and inflation, creating a challenging situation for monetary policy [10] - The committee faces the challenge of balancing competing risks with a single policy tool, making decisions about the pace and size of moves [10][11]

Chair Powell, there's been some discussion recently of the 1990s. In the 1990s, the committee did two discrete sequences of three quarter point cuts. One in 199596 and one in 1998.And after both of those, the next move in rates was up, not down. With policy now closer to neutral, is it a foregone conclusion that the next move in rates is down or should we think of policy risks as genuinely two-sided from here. >> So, I don't think that um a a rate hike is anybody's base as the next thing is anybody's base c ...

Market Trends & Regulatory Landscape - The Federal Reserve cut the Fed funds rate amid economic concerns [2] - CFTC launched a pilot program allowing certain crypto tokens (Bitcoin, Ether, USDC) as collateral in derivatives markets, with enhanced monitoring and reporting [3][4][5] - CFTC issued guidance stating its regulations are technology neutral, analyzing tokenized assets individually [5] - MSCI is considering excluding digital asset treasuries from its global investable market indexes, a proposal MicroStrategy disagrees with [5][6] Company Strategy & Business Development - Soulmate, an Abu Dhabi-based Solana treasury firm, acquired Rockaway X, a web3 VC fund, to expand beyond digital asset treasury management [7][8] - Soulmate aims to combine its treasury with Rockaway X's infrastructure, focusing on validation and transaction landing services, potentially offering high-frequency trading-like services [9] - Soulmate is shifting focus from multiple to net asset value (MNAV) to earnings and revenue per share [10][11] Abu Dhabi as a Crypto Hub - Abu Dhabi is seen as a growing crypto hub due to proximity to capital and its strategic location for transaction validation [7][12][13] - Soulmate aims to stake 20% of the Solana network in Abu Dhabi, envisioning rebuilding Wall Street there [15] - The UAE government has made a clear statement in support of crypto and blockchain technology [23][24] Future Outlook - Soulmate believes the price of underlying currency is less important than the growth of blockchain use [26] - The company anticipates the next innovative financial product will be built on a blockchain [28] - Soulmate has no plans to expand to the US, focusing on the UAE [23]

The Fed just wrapped up its final meeting of the year and cut its benchmark rate by a quarter of a percentage point. [music] It's the third straight rate reduction this year. So, what does it mean for your money.I'm Sharon Eper, the senior personal finance correspondent at CNBC [music] and editor of the Money 101 newsletter. Just because the Fed cut rates doesn't mean your borrowing costs are going to automatically go down. Consumers with short-term variable rate debt, like credit card debt, will [music] se ...

Uh thank you uh Mr. . Chairman for taking our questions here. Um the uh you had previously described rate cuts in terms of a riskmanagement framework and kind of following up on what Howard was asking um is the riskmanagement phase of rate cuts over here and uh um have you taken out sufficient uh insurance I guess against potential weakness in terms of the data we might get next week when it comes to employment.So we're going to get a great deal of data between now and the and the January meeting and I'm su ...

Our monetary policy actions are guided by our dual mandate to promote maximum employment and stable prices for the American people. At today's meeting, the committee decided to lower the target range for the federal funds rate by a quarter percentage point to 3 to 3 and 3/4%. In the near term, risks to inflation are tilted to the upside and risks risks to employment to the downside, a challenging situation.There is no risk-free path for policy as we navigate this tension between our employment and inflation ...

Economic Outlook - The forecast suggests an optimistic outlook for next year due to additional GDP growth, easing inflation, and a steady unemployment rate [1] - Outside forecasts also indicate a pickup in growth [2] - Consumer spending has been resilient, contributing to the growth [2][4] - AI spending on data centers and related areas has been supporting business investment [2][4] - Fiscal policy is expected to be supportive [4] Growth Expectations - The baseline expectation for next year is a pickup in growth from the current 1.7% [3] - The SCP median growth is 1.7% for this year and 2.3% for next year [3] - Adjusting for the shutdown, the growth would be 1.9% and 2.1% for 2025 and 2026 respectively [3]

You have talked many times about investing in women's sports as a business, not a charity. Well, one of the reasons that Trinity Rodman may leave is she can get paid more money overseas than she can in the NWSL. When you see that, do you think to yourself, we need to come up with a different system here. We need to come up with either a higher cap or different ways to pay these athletes.>> Yeah. So, the financial is only one of many uh uh criteria that players um think about when they make their decisions. ...

Economic Outlook - The economy is expanding at a moderate pace, with solid consumer spending and business fixed investment [3] - The temporary government shutdown likely weighed on economic activity in the current quarter, but these effects should be mostly offset by higher growth next quarter [4] - Real GDP is projected to rise 17% this year and 23% next year, somewhat stronger than projected in September [4] Labor Market - Labor market conditions appear to be gradually cooling [1] - Layoffs and hiring remain low, and perceptions of job availability and hiring difficulty have declined [5] - The unemployment rate reached 44% in September, and job gains have slowed significantly [5] - The median projection of the unemployment rate is 45% at the end of this year and edges down thereafter [6] Inflation - Inflation has eased significantly from its highs in mid-2022, but remains somewhat elevated relative to the 2% longerrun goal [7] - Total PCE prices rose 28% over the 12 months ending in September, and core PCE prices also rose 28% [7] - Near-term measures of inflation expectations have declined from their peaks earlier in the year [8] - The median projection for total PCE inflation is 29% this year and 24% next year, a bit lower than the median projection in September, thereafter, the median falls to 2% [9] Monetary Policy - The Federal Open Market Committee decided to lower the policy interest rate by a quarter percentage point (025%) [2] - The Committee also decided to initiate purchases of shorterterm Treasury securities solely for the purpose of maintaining an ample supply of reserves [2]

Let's talk more about that now with Jeff Kilberg. He's the founder and CEO of KKM Financial. What do you say, sir.Welcome. >> Well, Kelly, kind of a surprise. Everyone was looking for a cut in rates, but more hawkish, and we actually got more.If you think about that 40 billion that going to start purchasing in just a couple days, that's annualized half a trillion dollars of new QE. So, with a $6.5% trillion balance sheet, I think a lot of folks were surprised. That was the initial reaction, equities, but yo ...