This week, we look at where the Fed’s 2% inflation target came from and how differently inflation is perceived across the country with the Federal Reserve presidents of New York, Minneapolis, and Chicago. Plus, we take you to two different office buildings in New York City, One Vanderbilt and 322 Eighth Avenue, to tell the story of the challenges that unite commercial real estate properties, regardless of class. And, the Magnificent 7 face a threat from DeepSeek that could cause ripple effects in broader equities. Plus Lawrence Summers talks about how DeepSeek could impact #ai.
Chapters:
00:00:00 – History of Fed’s 2% Inflation Target
00:12:33 – Actual vs. Perceived Inflation
00:23:55 – Tale of Two NYC Office Buildings
00:38:12 – Summers Magnificent 7 Concentration Risks
00:47:30 – Summers on AI after DeepSeek
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