4.7 • 9.2K Ratings
🗓️ 19 September 2023
⏱️ 10 minutes
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0:00.0 | Hey Robert, are you on a stakeout? You're staring so intently through that pair of binoculars. |
0:17.5 | Whalen, I have my eyes locked on this government fortress-looking building in DC. It's the home |
0:23.8 | of the Federal Reserve. Apparently they're meeting behind closed doors over the next two |
0:27.4 | days, and I'm looking for some sort of sign of what they're going to decide. Maybe some |
0:32.6 | smoke from the chimney or something. Oh, that's how they choose a pope. That's not how |
0:37.0 | they decide interest rates. Yes, yes, yes. But it does seem like everyone these days is |
0:42.5 | just waiting for some sign, any sign of what the Federal Reserve will do. I hear people |
0:47.2 | are so desperate to know whether interest rates will stay steady or go up that they're |
0:51.6 | even reading the beige book. The beige book is of course the obscure federal publication |
0:56.5 | by the Fed that tells little anecdotes about the economy. It used to be mostly us at the |
1:01.2 | indicator paying attention, but now I see all sorts of tweets and commentary every time |
1:06.6 | it comes out. Sure, sure, they read it, Whalen. But do they celebrate it? No, no, they |
1:13.0 | do not. That is our job. It's the Bezier Awards. Are eight times a year salute to the |
1:22.9 | art and science of telling stories about the economy. I'm Robert Smith. And I'm Whalen |
1:28.3 | Wong. As we wait to see what the Fed will do this week, we'll let you know what tea leaves |
1:32.8 | we can read from the beige book. A tarot card reading for the economy, if you will. I just |
1:38.3 | flipped over the night of swords. Is that good for the economy? Bad? We'll interpret |
1:43.4 | after the break. |
1:49.5 | This message comes from an PR sponsor, Mass Mutual, helping small businesses with long-term |
1:54.5 | planning, certified exit planning advisor Brian Tresinski shares how they help business |
1:59.7 | owners plan for a comfortable retirement. Our financial professionals work with business |
2:05.0 | owners to help them make sure that they have the income in place, either from the sale |
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