What Did the Fed Actually Say?

The Compound and Friends

Josh Brown

Business News, News, Investing, Business

4.7 • 2.2K Ratings

🗓️ 31 October 2025

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

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Summary

On episode 215 of The Compound and Friends, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Downtown Josh Brown⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ are joined by Stephanie Roth, Chief Economist at Wolfe Research, to discuss: the economy, tech earnings, the Fed, the wealth effect, AI and the labor market, and much more! This episode is sponsored by Betterment Advisor Solutions. Grow your RIA, your way by visiting: https://Betterment.com/advisors Sign up for The Compound Newsletter and never miss out: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠thecompoundnews.com/subscribe⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Instagram: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠instagram.com/thecompoundnews⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Twitter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠twitter.com/thecompoundnews⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ LinkedIn: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠linkedin.com/company/the-compound-media/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ TikTok: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠tiktok.com/@thecompoundnews⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ritholtz Wealth Management⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/advertising-disclaimers⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/podcast-youtube-disclosures/⁠⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Stephanie, our partner, Chris, is in who we love dearly. I should preface us with that. Okay. Nicole, come there. He's in Mexico this week. Oh, that sounds amazing. It does, right? Yes. He's texting me and Josh pictures every day. Oh, come on. It's like the most, it's like the most absurd thing. Wait, I lost my part.
0:21.6	Do you do that?
0:22.6	Who does that?
0:23.6	No, I just send people pictures with my kids, but who don't ask, but that's fine. But on vacation every day, can you imagine? So I took a picture of my desk and I'm like, dude. Great, thank you. That's amazing. So Sprinkles makes me do this whole thing.
0:37.0	And then she's like, oh, you missed it.
0:38.7	The 30% is over.
0:40.9	I'm like, well, I'm hitting, I'm smashing the, so I'm smashing the buy button regardless. I don't really care. So that you can proximity to the mic. So if you go too far away, you're like, oh, I got it back. She said there's another sale right before Thanksgiving.
0:55.5	Of course there is.
0:56.3	Oh, here we go.
0:57.0	Probably the Black Reddit.
0:59.0	All right.
0:59.5	What do you think?
1:00.4	Is that like two?
1:01.7	Is it Smurphy?
1:02.8	No, I like the color.
1:04.1	Hi.
1:04.3	Okay.
1:04.6	Sorry, guys.
1:05.2	All right.
1:06.4	So the chill sweatshirts and sweatpants are the lightest weight, which is what I need when I'm on the airplane, right? The scholar is like almost pajama-y. Yeah, it looks at it. And then the accolade sweatpants and crew neck. So do you know that he thinks this is cute for the audience who can't even see or listen to what's talking about? We're working on something. We're sidebarring. Sorry.
1:27.9	Ordering clothes?
1:29.1	Yeah.
	...

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