What I Read This Week…
Real GDP growth slows to 2.3% in Q4 2024, the Fed holds interest rates between 4.25-4.50%, Uniswap v4 introduces programmable trading rules, and FDA approves the first non-addictive painkiller
Watch All-In E213 Read our Deep Dive: The Current State of AI Caught My Eye… The U.S. economy grew at a 2.3% rate in Q4 2024, slowing from 3.1% growth in Q3. This growth was driven by consumer spending (which makes up 70% of U.S. GDP) but was partly offset by businesses reducing their spending on new equipment, facilities, and technology. The Federal Reserve on Wednesday kept the federal funds rate steady between 4.25-4.50%, with Powell emphasizing that they're "in no hurry" to cut rates. On prices, inflation remains above the Fed's 2% target – consumer prices rose 2.3% in Q4 2024, higher…
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- What I Read This Week...chamath.substack.com
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- What I Read This Week…chamath.substack.com
- What I Read This Week…chamath.substack.com
- What I Read This Week…chamath.substack.com
- What I Read This Week…chamath.substack.com
- What I Read This Week…chamath.substack.com
- What I Read This Week…chamath.substack.com