The Fed’s “We Don’t Know” Moment — And Why Markets Didn’t Like It

The Federal Reserve left rates unchanged this week, but markets reacted sharply to something deeper—uncertainty. Danny Moses breaks down what Fed Chair Jerome Powell said (and didn’t say), why investors were spooked, and how rising oil prices and unclear economic forecasts could impact your daily life. Then, Danny sits down with Wall Street legend Meredith Whitney to dig into the biggest forces shaping today’s economy—from the growing role of private credit to the reality of a K-shaped consumer. They discuss why lower-income households are under increasing pressure, how higher-end consumers are still driving spending, and the potential risks tied to market volatility and the wealth effect. Plus, Danny recaps his Kalshi Picks of the Week, including a winning stagflation call and a new bet tied to Powell’s future at the Fed.