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Wall Street Breakfast Podcast: Markets Wait On Powell's Next Words
Seeking Alphaยท2025-08-22 10:44

Group 1: Federal Reserve and Market Reactions - Federal Reserve Chair Jerome Powell is scheduled to speak at Jackson Hole, which has heightened market anticipation and nervousness among investors [3][4] - Analysts indicate that the market is hesitant to invest new capital ahead of Powell's speech, with expectations of a potential September rate cut being uncertain [4] - Current economic data suggests higher inflation and a possible cyclical growth rebound, complicating the outlook for rate cuts and indicating a "higher for longer" interest rate environment [4] Group 2: Meta and Google Cloud Deal - Meta Platforms has entered into a significant six-year cloud computing agreement with Google Cloud, valued at over $10 billion [5][6] - The partnership aims to enhance Meta's AI capabilities while the company develops its own data centers, which will take years to become operational [6] Group 3: Cracker Barrel's Logo Controversy - Cracker Barrel's new logo has sparked controversy, leading to a share price decline of over 7% [7] - The company is also modernizing its restaurant ambiance and menu, which has received mixed reactions from customers [7][8] - Over the past five days, Cracker Barrel's stock has decreased by 11% amid the logo change and other updates [8]