katy tur. here we are again, another fed meeting and another expected rate hike. we re going to get to the number in just a second. it is expected to be a quarter of a point. we re going to see how the markets react to that because they have been on a relative upswing and we re wondering does that trend continue? we are also watching as you well know, memphis. the funeral for 29-year-old tyre nichols is today. and supposed to begin right about now. weather has been delaying it, so we ll go there as soon as it does start. but again, there is breaking news from the fed. just confirmed, they are raising it, interest rates, by a quarter point. joining me now is nbc news business and data reporter, brian cheung. a quarter point, what can you tell us? the nation s central bank, the steward of the u.s. economy raised interest rates by .25 percentage points in their meeting today, after some encouraging news we had gotten in previous weeks that inflation was coming down. was at 6.5
India: The Household Consumption Expenditure Survey, released late on Saturday, estimates average rural consumer spending rose to 3,773 rupees ($45.54) a month per person for the 12 months through July from 1,430 rupees in the previous survey in 2011-2012, while urban spending rose to 6,459 rupees ($77.95) from 2,630 rupees.
expectation we ll be able to do that. you see india as a counter weight to china? this state visit was not about china. and look, india has challenges with china as well. right on their doorstep, but also more broadly in the region. and clearly the challenges presented by the prc were on the agenda, no question about that. india is a sovereign independent state and they live in a tough neighborhood. they are becoming an increasing exporter of security which we welcome and you can see a lot of that, our desire to improve the defense cooperation on hand yesterday in some of the deliver rables, whether it s co-production of jet engines, purchase of mq9 drones, a lot we can do on the security front together and we are focused on. john, to follow up, you are