Biz Doc 411: Are Interest Rates Increases Over?

Happy Monday!  The Fed has spoken!  Another Bank has died! AND… another Biz Doc 411 comes to life… 4 Stats, 1 Hero/Zero and 1 Interesting Article:

4 Stats

1. 16 Years
Rates in the US are the highest in 16 years (2007 immediately prior to the financial crisis) after the Fed increased rates another quarter point (0.25%) to 5.00% – 5.25%.  Good News: Fed comments seem to indicate additional rate hikes may not be not needed in 2023.

2.  Almost Half!
Of YouTube’s views are on TVs.  For years, YouTube couldn’t get any respect from the TV industry. Most marketers wouldn’t go near it out of fear that their ads would be tainted by amateur content.  How things have changed.  YouTube is now unequivocally the king of TV.  Google internal data indicates that close to 45% of overall YouTube viewing in the U.S. today is happening on TV screens, compared with under 30% in 2020.

3.  30% Pay Cut?
DROP in Median pay in 2022 at sample of 18 tech companies, according to  research by The Information.  Apparently Snap and Cloudflare saw median pay decline by more than 30%.  Hmm… does this mean no more extorting crazy raises like people did during COVID?