Jerome powell here in york, pennsylvania last year, some relief. Shes Been paying a higher rate on the Credit Card she uses to fund her Business. My Interest Rates have gone up, so my monthly payments have increased tremendously, so i would like to see the Interest Rates come Back down. Whenjerome powell visited this market, the Federal Reserve was watching closely to see if its Big Interest Rate hikes really were cooling inflation, even though it was tough and small Businesses. Thats aBout to change. Mr powell and his colleagues are set to Interest Rates. In york, the arrival of autumn marks a change. After raising Interest Rates 11 times, americas Central Bank is all But certain to unwind that, But how quickly they go down from here is still up for graBs. Perfectly like this on your porch, and then we price it less than picking up the pumpkins themselves. At this farm shop, the reBirth of the economy, as inflation falls closer to the feds official target of 2 , is yet another moment
Point to 3. 5 . So have those eurozone nations turned a corner on inflation . Joining me now is charles younes, deputy chief Investment Officer at financial Analysis Company fe info. Good to have you with us. Make that link for us. We saw that cut earlier in the week, and it seems as though it backs up that decision they made earlier. Yes, i fully agree with you on that point. The ecb has been very clear, they have been slow in Cutting Rates, and really it is about inflation. So the number given this week confirms that the ecb needs to be very slow in Cutting Rates. It that the ecb needs to be very slow in Cutting Rates. Slow in Cutting Rates. It also suggests slow in Cutting Rates. It also suggests that slow in Cutting Rates. It also suggests that the slow in Cutting Rates. It also suggests that the european | suggests that the European Central Bank had a very different tactic versus the Bank Of England and the us federal reserve. What does it tell about their thinking and whether the
Joining me tonight are political Strategist And Commentator Rina Shah and columnist for the i and former Labour Executive Director of Policy Andrew Fisher first , the latest headlines. Israels Defence Minister has said the military is opening a new phase in the war, and will be diverting troops and resources northwards. Yoav gallant was speaking to troops at an airbase near the border with lebanon. It comes as 14 people have been killed and at least a50 injured in further explosions across lebanon involving Walkie Talkies. The us Federal Reserve has cut Interest Rates by half a Percentage Point in its first reduction since the pandemic. It puts the Central Banks benchmark Lending Rate at between 4. 75 and 5 , sharply lowering the cost of borrowing with less than 50 days to go until the us president ial election. The Foreign Office has summoned the russian ambassador to the uk over the expulsion of six british diplomats from moscow. A spokesperson Accused Moscow Of Making malicious and
Good Afternoon everybody, A MArthA MAccAllum And this is the story. Trump support is lining up on long islAnd, New York. As former President Trump is mAking A plAy for the stAte of New York. This is A huge crowd thAt turned out this Afternoon, the CAmpAign OfficiAl would join me on why the president is spending his time in New York, former President Trump rbc there is A lot of people thAt will be very hAppy to see him with her this Afternoon. There is An AeriAl short AeriAl shot Aint uniondAle in New York. ThAt will hAppen At 7 00 p. M. This evening. We will Also speAk to the orgAnizer who is now bAck on to the trump cAmpAign, we will get the lAtest from him. In the meAntime breAking right now, you might hAve heArd this but if not, the FederAl Reserve hAs slAshed Interest RAtes for the first time since precovid19. TodAys cut is hAlf A point, 50 BAsis Points, mAking the rAnge between 4. 75 And 5 . The lAst CArd HAbit in mArch of 2020, thAt is A debit thAt is seAred in our memory At the
Pandemic may not fix america s housir the interest rates come to see the interest rates come back down. To see the interest rates come back down to see the interest rates come back down. ~ g.. back down. When jerome powell visited this back down. When jerome powell visited this market, back down. When jerome powell visited this market, the visited this market, the federal reserve was watching closely to see if it s big interest rate hikes really were calling information, even though it was tough and small businesses. That s about to mr powell and his change. Mr powell and his change. Mr powell and his colleagues are set to interest colleagues are set to interest rates. In york, the arrival of rates. In york, the arrival of autumn marks a change. After autumn marks a change. After raising interest rates 11 raising interest rates 11 times, america s central bank times, america s central bank is all but certain to unwind is all but certain to unwind fat, but how quickly they go fat, b