Cut. Seven of them are forecasting two quarterpoint cuts this year one is forecasting one cut eight are on hold. And one is forecasting a high cut. Eight forecasting a cut. Ser seven is two cuts. One is one cut, one on hold, one hike the result is actually unchanged. However, its down by 50 basis points for 2020 to 2. 1 , down by 1 for 2021 to one quarter point to 2. 4 . The long run also down by a quarter. The long run fund rate to 2. 5 from 2. 8 all of this took place, by the way, without much change in the Overall Economic forecast. A little tweak here on jdp, unemployment let me get to what the statement says about the economy the labor market in the statement says remain strong Economic Activity rising at a moderate rate and thats down from a solid rate in the last. Job gains solid, it says the Unemployment Rate remains low. Same language as last time Household Spending picked up from earlier in the year Business Investment was soft, and they had said it slowed. Overall inflation
As well and have a look at what is going on with these indices. Hong kongs Property Index down. 8 . Homeserage value of new in 70 major cities in china, excluding governmentsubsidized heading, up. 71 in may according to data from the office. That is greater than the increase we saw in april, which was about. 6 and less from what we saw in march as well. Robust april as well. It is not helping these Property Companies which are currently moving to the downside. Have gotll you who we coming up at this hour. We will be speaking to achieve equity strategist and peter hammero will speak to us about the prospects of two therein. Su keenan has the first word news. Su we start with the iran earthquake. , iran says it will breach the 2013 nuclear deal on iranian stockpiles within days ease therope helps pressure. Tehran says it will exceed the caps on lowgrade uranium mergers on june 27th. Enrichment beyond the level intended to prevent the making of weapons grade material. Europe is urging ira
Strength of the ways negotiations and the data reported on friday. That there is the expectation it will be hiking the key rate, the exit away from negative policy settings. What does it mean for purchase of etfs, that will be another question out of that session or out of that meeting, but here is the outlook we have in the session so far today. Japanese yen holding steady, but still weak around the 149 marker , and equities, you are continuing to see this place higher even though the definition boj has been something that has propelled japanese stocks. There are a lot in the market saying there are plenty of other factors and that is why investors were continue pilot into the market. Nikkei225 just one fraction under the 39,000 mark. Number economics, one of the economist highlighting perhaps the boj is not ready to like can they want to see more data to affirm their belief that we are starting to see strength in the japanese economy. Lets take a quick look at how korea is starting t
[laughter] pretty good. Announcer host good morning, it is saturday, august 19. President joe biden met yesterday with the leaders of japan and south korea. They merged with Security Cooperation, threat from china and north korea, the war in ukraine, and immigration at the southern border are all issues that have jaw drawn the white house recent attention. Our attention for you this morning, what do you think is the top policy issues facing the United States. Republicans, we want you to call us at 202 7488001. Democrats, your line is 202 7488000. Independents, we want you to dial a set 202 7488002. You can also send us a text message at 202 7488003. Please include your name and where you live. You can find us on facebook. Com cspan and on x and instagram cspanwj. Lets start off by hearing a little more from President Biden coming out again with the talks with leaders of japan and south korea. He announced a plan to deepen Security Cooperation between the three to counter north korea an
Markets have just come online. Grace we are getting down to asias Major Trading opens. The rally on wall street as traders look ahead to the latest inflation print for clues on where the fed reserve will go next. Quick satilla to assets. Bitcoin has tended to go for the first time in the debt after disappointing chinese demand. And President Biden lays out his budget plans as he gives out for reelection battle with donald trump. Lets look at the set up as we get into some trading here in australia. Looking for a pretty mixed opening across the region. A cautious session on wall street. And in inflation data. We are seeing pretty flat trading here in sydney. We are watching some of the commentary from the rba this morning. Talking about some of the caution. Quite a bit of caution across this area. Even across asia. Taking a look at the equity session. We did have the recession for australian stocks in a year ahead of the u. S. Cpi. That biggest loss all year potentially set to extend in