Growth, trade uncertainty, lower inflation. A number of participant thought it would better align the feds benchmark Interest Rate with socalled neutral rate, the rate that neither spurs nor slows growth. Several members want to the maintain rates. Not cut rates last seening. They thought the economy was in fine shape and they wanted to save firepower for when the economy actually deteriorates. There were a couple who wanted a 50 basis point rate cut. We know one of those was st. Louis fed president bullard. Going forward, more concerns about risks to the outlook in terms of trade uncertainty, slowing global growth. They are looking at protests in hong kong. They see a significant probability for a nodeal brexit. They see what is going on in the middle east, how that could impact the outlook for the economy domestically. Several members also discussed the job market. They do still see the job market as strong. However they are looking at weakness in manufacturing and business investmen
We start with the falling cost of borrowing, because the worlds most powerful central bank, the us Federal Reserve, has cut Interest Rates again. The fed has lowered the range for its main Interest Rate by a quarter of a percent to between 1. 75 and 2 . President trump has been pushing for the fed to cut rates to boost a slowing economy and weaken the dollar to help us exporters. So was he happy . Far from it. Heres what he had to say on twitter. The bbcs Samira Hussain was in washington for the fed meeting and sent us this. The Federal Reserve did what most people expected it to made a small cut to us Interest Rates. Why . Well, although Household Spending is increasing and the Unemployment Rate remains low, exports and Business Investments have weakened. Fedi Chairjerome Powell a trip is that wea kness to Chairjerome Powell a trip is that weakness to trade policy. Since our last meeting with seen additional signs of weakness abroad and a resurgence of trade policy tensions, including
Resigning after pledging his support for antifa. He also talked about taking out revenge against evangelical christians. Will the left ignore this call for violence as well . We are exposing more hypocrisy. Trish regan primetime begins right now. Hi, everybody. Im david asman in for trish. Our top story takes us to the southern border where drone footage shows 60 miles of brandnew border wall in arizona. Customs and Border Patrol expects to complete 450 miles of this wallaby next year. But its not just arizona. Across the southwest, crews are breaking ground on new wall or beefing up already existing structures. This coming as the Trump Administration asks the Supreme Court to allow them to begin restrictions on migrants who seek asylum in this country. Our builder president wasting no time at all in getting this done. It must be some kind of record for the federal government to get this much done so quickly. Im wondering how it will affect the lives of the people of on the border. The
An iowa College Professor resigning after pledging his support for antifa. He also talked about taking out revenge against evangelical christians. Will the left ignore this call for violence as well . We are exposing more hypocrisy. Trish regan primetime begins right now. Hi, everybody. Im david asman in for trish. Our top story takes us to the southern border where drone footage shows 60 miles of brandnew border wall in arizona. Customs and Border Patrol expects to complete 450 miles of this wallaby next year. But its not just arizona. Across the southwest, crews are breaking ground on new wall or beefing up already existing structures. This coming as the Trump Administration asks the Supreme Court to allow them to begin restrictions on migrants who seek asylum in this country. Our builder president wasting no time at all in getting this done. It must be some kind of record for the federal government to get this much done so quickly. Im wondering how it will affect the lives of the pe
Some of the optimism when it trade, s pe tone on futures back down after the cash trade yesterday. Markets are optimistic about the situation in italy, you can see bid, nowian btps are down to 1. 21, less than 200 basis points above boones. The dollarer against as the greenback falls. Italy thatews out of the Fivestar Party has halted Coalition Talks unless the democrats agreed to keep Giuseppe Conte on as Prime Minister. They previously pushed back against that, especially the leader of the Democratic Party, for hisis supporters Parliamentary Group had any say, they will have to concede, because they will want to say. We will continue to cover the story in italy. Coming up, we will speak to nigel wilson, the ceo. You can catch that interview at 11 30 a. M. London time. Lets get to the bloomberg first word news with Viviana Hurtado standing by in new york. Talking, but only if the u. S. Lift sanctions first. Thats according to hassan rouhani, following President Trump signaling he woul