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kevin mccarthy became speaker because he was agreeing to goals set by some conservative members to tie raising the debt ceiling by cutting spending or open to cutting spending. the president is debt set against that but they ve been talking a while. we re watching that. when the speaker does come out, he s no doubt going to go to the microphones and talk about what they talked about. meantime, here before we take a very quick break, the federal reserve for the eighth time in this cycle raised interest rates a quarter point. so you re borrowing costs will inch up a little bit for a while. stocks were soaring on the news and ending flat on the day on the believe that the fed is not done. jerome powell has signals that he s not exactly done. but he s not going nuts. he s watching the labor market, which remains strong and so this will be data-dependent. you hear that a lot. the data right now means that he s going to continue

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