Well get into more detail on that in a moment but first, lets Take A Deeper Look now on whats happening with the us economy. According to data out in the last hour prices rose at an annual rate of 2. 5 in august. That was slightly less than the 2. 6 markets were expecting and down from 2. 9 injuly. If we look at Core Inflation though which strips out volatile elements such as Food And Fuel prices were rising at a faster rate 3. 2 . Dr sean snaith, director of the institute for economic forecasting at the university of central florida. Hejoins us now. Welcome. First of all, what a surprise of the cpi taking out volatile Food Energy prices. Does this take 50 Basis Point cut to Interest Rates off the table, when the fed meets later this month . Instead, itll more like 25 Basis Points cut . Was the fed behind the curve . Well, i think 50 points is off the table, personally, and i may be in the minority in which 25 is off the table. I think its a bit too soon to raise the mission accomplish
In the last few minutes, theyve come Face To face again after that debate Last Night. Pictured standing in line and shaking hands at a memorial in New York to mark 23 years since the 9 11 attacks. As you can see, they were joined the 9 11 attacks. As you can see, They Werejoined by president Joe Biden and the republican Vice President nomineejd vance. I think Michael Bloomberg also standing there between Biden And Mr trump. And we arejust there between Biden And Mr trump. And we are just seeing pictures from The Pentagon and New York and ground zero, where families have been gathering to read out the names and to remember those who lost their lives and were affected in the 9 11 attacks 23 years ago. Brian eugene built her. Mark bingham Brian Eugene built her. Mark bingham. Carl Brian Eugene built her. Mark bingham. Carl vincent. Brian eugene built her. Mark bingham. Carl vincent. And. Brian eugene built her. Mark. Bingham. Carl vincent. And my brother joseph bingham. Carl vincent. And
Later this month. Lets show you the details. Figures from the us Labor Department Show prices rose at an annual rate of 2. 5 percent in august. Down from 2. 9 injuly. If we look at Core Inflation though which strips out volatile elements such as Food And Fuel prices were rising at a more aggressive 3. 2 percent. Our North America Business correspondent Ritika Gupta is in new york. A cut by the fed has been all but promised by them already at their meeting next week. I guess the only outstanding question is by how much. Indeed, as you mentioned in your introduction overall this was a solid report on information monitoring. Annually at 2. 5 , that is the lowest in three years and that is why you will see the White House touting this as it went for the current administration and for the Election Campaign for Vice President kamala harris, and makes it must certain the federal reserve will cut Interest Rates when it meets next week, but for the markets it is a different story and you see th
Expected to be a tight race. Ms harris received another boost on wednesday with a furtherfall in inflation which economists believe will encourage the us Central Bank to cut Interest Rates next week. The two candidates have both attended ceremonies to remember the victims of the September 11 attacks on america, exchanging a handshake for the second time rather than the barbs they traded earlier. The Trump Campaign are playing down the likelihood of a further debate, and Mr Trump has attacked the Abc Channel which hosted the debate, and its moderators, claiming they were biased. Lets get the latest from our north america editor, sarah smith. At a September 11th memorial service, it was Donald Trump who orchestrated a cordial greeting this morning. Quite a contrast to Kamala Harris striding across the stage Last Night to demand a handshake from a reluctant Mr Trump. Good to see you. Have fun. Thank you. It was contentious and ill tempered, with both candidates in attack mode. Stop with t
That. Rate cut next week. Everyone seems to be talking about inflation because of the us president ial debate, if you watch that, did you see the potential Policy Shifts based on the candidate s . Mat on the Candidate S . Not reall , on the Candidate S . Not really. They on the Candidate S . Not really, they had on the Candidate S . Not really, they had a on the Candidate S . Not really, they had a lot on the Candidate S . Not really, they had a lot of| really, they had a lot of political rhetoric but not a lot of policy information. We already kind of know where both candidates stand on addressing inflation, i would candidates stand on addressing inflation, Iwould Run candidates stand on addressing inflation, i would run a candidates stand on addressing inflation, Iwould Run a number of scenarios through our macro model to kind of gauge what the inflationary implications are ranging from trade, government spending, taxes, generally, former President Trump would be more inflationary t