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

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