Cutting Interest Rates in 2024, How the 'All-In' Podcast Dominated Silicon Valley, The Risks of Becoming a Full-time Creator (Reactions Dec 2023 Week 3)
Marketing School - Digital Marketing and Online Marketing Tips
Eric Siu and Neil Patel
4.6 • 1.4K Ratings
🗓️ 3 January 2024
⏱️ 18 minutes
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| 0:00.0 | All right, so this is our reaction section, and we're going to start off with if we believe that |
| 0:07.1 | interest rates will get cut. |
| 0:08.3 | So the Fed basically said there's a Jerome Powell basically affect the entire economy and they directly affect |
| 0:23.2 | indirectly affect marketing at the end of day because it's spending right? |
| 0:26.6 | So what are your thoughts first Neil like you know do we think it's going to be cut three times? |
| 0:30.4 | I think that's a little that's a little optimistic but it's |
| 0:36.1 | election year next year. They say economy typically booms in election year and |
| 0:39.8 | you know historically it has. |
| 0:43.3 | The Fed has also come out and said, hey, it's potential. |
| 0:46.9 | We never said we are cutting three times. |
| 0:48.8 | To be clear, they never said they are going to cut three times. They indicated that they may or may not cut, but that's what it's |
| 0:57.3 | leaning towards. And they said very clearly, it's too early to decide how many times they got to look at a lot of other signals and the way I look at it is I think it's going to be something where they cut either very little you know one two times maybe even three or they're very little, you know, one, two times, maybe even three, or they're gonna cut deep. |
| 1:15.2 | And it's not about how many times they cut, like cutting 0.25 each time is |
| 1:21.8 | only 0.75% which seems like a lot but based on where interest rates are right now it's actually not that much |
| 1:27.7 | Especially if you're doing things like buying businesses, you know and using that capital to grow like 0.75 doesn't have that big of a difference. |
| 1:34.7 | If you're paying the bank 8.5% interest it going down from 8.5 to 8 or from 9.5 to 8. |
| 1:41.1 | To 8.5 not that bigger difference, |
| 1:43.6 | compared to what we're used to and what we were making |
| 1:46.2 | a lot of our financial decisions based off of. |
| 1:49.0 | But if the data starts coming in good on the inflation side and much worse on the economy side I think |
| 1:56.2 | they can they'll cut much deeper and I don't think we'll know until you know we start the new year and we start getting really |
| 2:04.6 | into it I'm hoping they cut more than 0.75% so here's what Jerome Powell said so the |
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