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🧠The Weekly Scoop
Explaining every trend affecting your job, home, and investments
Augustus Christensen & Scoops Team
September 27, 2024
Hey Insider - enjoy this last September weekend! I hope you didn’t miss your scoops too much while we were away.
Here’s what you need to know this week.…
Catch up on the conversation:
The Weekly Scoop is back after an all-to-brief honeymoon break, and there hasn’t been a dramatic shift in the narrative. The biggest event of the month, and maybe the year, was the Federal Reserve officially shifting its policy vibe from super restrictive to a little more chill. This was widely expected, but it’s a momentous policy change.
Just months ago, the Fed was ready to push the economy into recession to get inflation under control. Now, the Fed has started loosening up its restrictive policies because it seems like inflation is mostly under control while layoffs are still low and business and consumer spending still seem pretty strong. This means that borrowing will get cheaper, and it’s already brought mortgage rates down a lot. All of this will make life a little easier for consumers and business owners.
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