Wall Street held steady ahead of the Fed’s final rate decision of the year, with the S&P 500 flat, the Nasdaq inching higher, and the Dow dragged lower by bank-sector weakness. Beneath the calm surface, big forces are shaping 2025 investor strategy, from AI’s massive but delayed physical buildout to the inflationary impact of data center demand and the demographic pressures pushing advanced economies toward automation. Alex Morris, CEO of F/m Investments explains how investors should position across cash, equities, and fixed income as the Fed navigates diverging inflation and labor signals.

Produced/Presented: Ryan Huang