In this episode of Fast Money, the panel dives into how the market reacted to the Fed's recent quarter-point rate cut and Chair Jay Powell's assertion that he can't be dismissed by the President. They explore the potential impact of a Trump administration on fiscal policy, inflation, and interest rates, debating how the Fed might tackle inflation and the future of rate cuts. The discussion also highlights individual stock performances, including Rivian's larger-than-expected loss, Zillow's impressive Q3 results, and Super Micro's accounting concerns raised by an AI platform. Lastly, they touch on the possible revival of the Capri-Tapestry merger and the after-hours performance of various tech companies.
