- Emerge
- Posts
- 🚀 Fed close to nailing a soft landing
🚀 Fed close to nailing a soft landing
Get your news from the future.
The Oracle by Polymarket is news with skin in the game. This weekly newsletter gives you insights on global headlines from the world’s largest prediction market, powered by traders around the world with millions of dollars on the line.
Market Overview
Read time 1.4 minutes
Year To Date Performances:
Dow Jones | 42,352.75 | 12.30% |
S&P 500 | 5,751.07 | 21.26% |
Nasdaq | 18,137.85 | 22.84% |
Russell 2000 | 2,212.80 | 9.94% |
TSX | 24,162.83 | 15.77% |
Bitcoin | $61,977.00 | 46.55% |
Ethereum | $2,420.31 | 6.03% |
US to Canadian Dollar | $1.36 | 2.57% |
September’s strong U.S. jobs report, with 254,000 new payrolls, boosts confidence in a potential "soft landing" for the economy, reducing concerns about a recession. The Federal Reserve may slow the pace of future rate cuts, thanks to strong employment data and stabilizing inflation. However, sectors like food services and government drove much of the job growth, raising concerns about sustainability. Analysts expect the Fed to take a moderate approach during its next meeting as it assesses the economy’s trajectory.
The U.S. ports strike has been suspended following a tentative agreement between the International Longshoremen's Association (ILA) and the U.S. Maritime Alliance (USMX) on wage increases. However, the major issue of port automation remains unresolved, with a deadline set for January 15, 2025, just 103 days away. Union leaders strongly oppose automation, calling it a threat to jobs, while port owners seek to modernize operations. This contentious point could trigger further disruptions if not settled within the limited timeframe.
Raise Venture Capital in 2024. Get the course helping top founders raise venture capital. The materials in this course are used by founders pitching a16z, Sequoia, YC and more while raising tens of millions! Get the course now for just $199. *
Headlines
Amazon is shifting strategies, aiming to license out its cashier-less checkout technology to retailers instead of building its own stores.
Spirit is trading at a record low after rumours the companies is considering filing for bankruptcy.
* This is sponsored content.
Reimagining life-saving injections
Pirouette is transforming life-saving injections with easy-to-use auto-injector technology.
With a 93% intended patient adoption, 21 patents, support from the National Institutes of Health, and backing from YC, they’re set to disrupt the $750B market.
Are you looking to grow your business? Here is how I can help:
📱Book a Strategy Call to get 1:1 feedback on your pitch, pitch deck and/or fundraising strategy. (If you need general startup advice, then reply to this email, and I’ll let you know if/how I can help.)
📺 Access FundraiseOS, the ultimate fundraising course with video lessons and practical worksheets helping with everything from deciding how much to raise to understanding a term sheet.
Onwards and Upwards,
|
|
A new category in sustainability
AptDeco is transforming the $702B furniture market with one of the only integrated platforms— making buying, selling and delivery seamless. With $84M+ in sales, 500K+ users, and VC backing, they’re creating a new category in sustainability.