to ease rising prices. data you may recall this week showed a drop from its peak of 1.9% in mid 2022 tojust 3.1% in november. that is above the beds target of 2% and jerome powell cautioned the committee had not ruled out raising rates again in the future. still, wall street, all three major markets finished higher and the dow jones industrial average jumped more than 500 points to a record close. this is the third time in a row after all that central bank decided against another rate hike. for investors satisfied that the fed is done, the only question on their minds is when will the fed start cutting them? investment firm t row what happened in the us overnight? i talked to someone from t rowe price earlier and asked her what the fed s decision means the rest of the world. i think this is a very good question on what we have seen during this business cycle is that the fed and the us rates tend to lead other markets so that is one way we can take signal from what s happeni
alternative and no room for discussion between shock treatment and gradualism. joining me now is andres abadia chief latam economist at pantheon macroeconomics. lovely to see you again. he is now formally in the job and has delivered his first initial speech. what will he do next? the speech was relatively light on detail but he says there will be a physical shop to the economy and that is important because we are at about 5% of gdp but the good news is he said that the shock or the adjustment would be on the state and not the private sector. there are also economic indicators that suggest more than 40% of the population live in poverty so when he will have a mammoth task to bring the economy back on track. will he dismantle the central bank and swap the peso for the us dollar which he did say he would do in his electioneering. that is the main question right now. so far we have seen since he was elected one month ago that he has been pragmatic, more pragmatic than expected
wild pigs, the super pigs. all right. 7:00 in new york city. hour two of fox & friends for this wednesday starts right now. a search is underway after a u.s. military aircraft with six people on board crashed off the coast of japan. ainsley: japanese fishermen found three of the crew members. lawrence: one of the engines looked like it was on fire. more hostages released set to begin again. there was a direct link between ground operations and pressure on hamas. more than 140 hostages remain in gaza. every day counts for that baby. hunter biden is ready to testify in public on camera for millions to see. but comer s original subpoena for hunter biden is for a closed door transcribed interview. hunter biden is not above the law. young kansas city chief s fan getting wrongly smeared as a racist wearing black face. article in dead spin only showed this photo of the boy and did not show the other half of his face. unbelievable that they take shots on a kid
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