Aug. 21 at 5:41 PM
*Today's
$FED minutes show Powell’s team stuck on a tightrope: inflation stays sticky as tariffs filter into prices, while the labor market weakens. That makes Jackson Hole even harder to predict*.
*Politics only add to the mix, Trump is now pressing for Governor Cook’s removal, raising the stakes for the Fed*.
*Markets aren’t taking it lightly. Stocks opened in the red, with
$WMT weak results reminding everyone that tariffs are already hitting consumers*.
Full read here: https://finblog.com/markets-brace-for-jackson-hole-as-fed-faces-trump-pressure-and-policy-uncertainty/
On the other hand, EU and US finalised a trade deal: https://finblog.com/us-and-eu-finalize-trade-deal-pharma-autos-and-semiconductors-in-focus/
📌*Tech & AdTech*
$PUBM: Rosenblatt initiates Buy, PT
$17. Despite DSP issues, sees upside from Google AdTech antitrust remedies in 2026. PubMatic is the #3 SSP with 4% share (behind Magnite @ ~6% and Google @ 60%).
$META: WSJ says Meta froze AI hiring; co. clarified it’s just routine planning and a temporary pause on some hiring & transfers.
