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What I Read This Week…

chamath.substack.com · 541 words · saved by 1 readers

The Federal Reserve cut interest rates by 25 basis points, OpenAI announced their latest reasoning model o3, and research shows that many smartwatch wristbands contain high levels of PFAS chemicals

Watch All-In E208 Read our Deep Dive: A Primer on Cryptocurrencies Caught My Eye… The Federal Reserve cut interest rates by 25 basis points on Wednesday, lowering the federal funds rate to 4.25%-4.50%. Jerome Powell described the decision as a "closer call" and indicated only two rate cuts for 2025, down from four rate cuts projected earlier this year. Powell emphasized they are entering "a new phase" where they will be "cautious about further cuts" after having reduced rates by a full percentage point since September, reflecting the Fed's growing concerns about persistent inflation.…

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