What the Fed’s Third Rate Cut Means for 2026

This podcast episode of Prof G Markets, hosted by Ed Elson, features discussions with Mark Zandi, Chief Economist of Moody's Analytics, about the Federal Reserve's recent interest rate cut and its implications for the economy in 2026. The conversation covers the reasons behind the Fed's decision, the dissension among Fed officials, and the impact of factors like tariffs, immigration policies, and potential political influence on future rate adjustments. Additionally, Scott Galloway joins the podcast to discuss SpaceX's potential IPO, its market position, and his reservations about investing due to Elon Musk's actions and the company's valuation. The episode concludes with a segment highlighting MacKenzie Scott's philanthropic contributions, contrasting her giving with that of other billionaires, and emphasizing the importance of recognizing and praising such acts of selflessness.