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Chaos and Closures
Interest rates, federal agencies, and patience — all getting trimmed this week
Splits and Caps Daily: Action for Agents
October 17, 2025
📈 Market Move:
Patience Pending
New Fed governor Stephen Miran just joined the board and already wants to floor it — calling for a 50-point rate cut at the next meeting. Most of his colleagues think 25 is enough, but Miran’s warning that the economy’s hitting red lights — trade tensions, slowing jobs, and all. He’s basically saying, “If we’re gonna cut, let’s cut-cut.”
Meanwhile, D.C. is still gridlocked. The government shutdown drags on, but Trump’s team is moving full speed to shut down the CFPB (the consumer watchdog born after the 2008 crisis). The Office of Management and Budget says the agency could be gone within three months.
On the housing front, a rare bright spot: the Senate advanced the ROAD to Housing Act, which could ease some pressure on the market — if it makes it through the House. But with HUD staff cuts and a prolonged shutdown, the housing industry’s patience (and payrolls) are wearing thin.
TL;DR:
Fed rookie says go big on rate cuts (50 bps).
CFPB’s on life support.
Housing bill’s moving, but the government isn’t.
If this were a poker game, Miran’s pushing his chips in — and the rest of the table’s still deciding whether to fold or follow.
🌟Quote of the Day:
“The cure for boredom is curiosity. There is no cure for curiosity.” — Dorothy Parker
📊🤔 Agent Poll:
With the CFPB potentially shutting down, how are you feeling about compliance and paperwork? |
🎉 Fun Fact of the Day:
Super Size: 🏰 There are entire castles in Europe that cost less than a suburban McMansion in the U.S.
📚 Book Recommendation:
“Rebel Ideas” by Matthew Syed — Most teams fail not because people aren’t smart, but because everyone thinks the same way. Rebel Ideas is like a masterclass in “how to hire your opposite” and turn brain clashes into breakthroughs. Syed digs into real-world examples — from aviation disasters to business wins — showing why diversity of thought isn’t just nice, it’s survival.
If you want your team, your deals, or even your own brain to stop echoing itself and start making smarter moves, this is your blueprint. Read it, then go hire someone who makes you uncomfortable.
Hot take: Comfort is for Netflix. Innovation comes from the weird, wild, messy ideas you usually ignore.
Every small win stacks into unstoppable momentum.
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