Am not talking about the Federal Reserve, i am talking with the Teamsters Union saying it will not Make An endorsement in the president ial race. Exactly why, we will ask Sean Obrien in an exclusive chat moments away. First, the Fed Cutting Interest Rates by half a point, the first Rate Cut we have seen now in more than 54 years, stocks bouncing around on the news, originally up more than 400 points, down A Hundred points after consumers with lower borrowing costs. It goes to have an impact on the upcoming president ial race and we are on top of all of it. Welcome everybody, on neil cavuto, first of the fed, that surprising cut, not that it was a cut but it was a big one. Kelly ogrady has more. That is why, that were definitely borrowed money today, the temperature coming out of today is that the fed if he was confident enough about its 2 Inflation Target but clearly wants to ensure the Labor Market is not cool off anymore. 50 Basis Points is a big deal especially because Jay Powell ha
Bret good evening, welcome to washington. Im bret baier. We are following two major stories tonight. We are getting our first look at the latest Fox News Polling on the president ial Race Vice President Kamala Harris up 2 points over former President Donald Trump. No news may be good news for the former president. Bad news for the Vice President. The Teamsters Union is refusing to endorse either one of the candidates tonight. Normally thats a given for the democratic nominee. But first up those polls we mentioned. Harris as 50 to 489 advantage among registered and likely voters. That is the same 2point Lead Hillary Clinton enjoyed at thiS Point in the 2016 campaign. The top issue for voters . The u. S. Economy by more than a 2 to 1 margin. Immigration comes in second. Abortion third. Former President Trump has a 10 Point Trust Advantage on immigration. He is up 5 now on the economy. Vice president leads by 16 on the issue of abortion. We have Fox Team Conch tonight. Peter doocy is at t
Well get into more detail on that in a moment but first, lets Take A Deeper Look now on whats happening with the us economy. According to data out in the last hour prices rose at an annual rate of 2. 5 in august. That was slightly less than the 2. 6 markets were expecting and down from 2. 9 injuly. If we look at Core Inflation though which strips out volatile elements such as Food And Fuel prices were rising at a faster rate 3. 2 . Dr sean snaith, director of the institute for economic forecasting at the university of central florida. Hejoins us now. Welcome. First of all, what a surprise of the cpi taking out volatile Food Energy prices. Does this take 50 Basis Point cut to Interest Rates off the table, when the fed meets later this month . Instead, itll more like 25 Basis Points cut . Was the fed behind the curve . Well, i think 50 points is off the table, personally, and i may be in the minority in which 25 is off the table. I think its a bit too soon to raise the mission accomplish
Will be achieved in a sustainable and stable way. Under these circumstances, we believe the large scale monetary easing measures have fulfilled their roles including the negative Interest Rate policy and the yield curve control. Live now to janet mui, head of Market Analysis at rbc brewin dolphin. Welcome to the programme. So japan now begins this journey to normalisation as the Bank Of Japan is saying. Is there a confidence that this rise to 0. 1 will actually deliver on the ains . That this rise to 0. 1 will actually deliver on the ains . Good morning, thanks for having deliver on the ains . Good morning, thanks for having me. Deliver on the ains . Good morning, thanks for having me. I deliver on the ains . Good morning, thanks for having me. I think deliver on the ains . Good morning, thanks for having me. I think the i thanks for having me. I think the hope is that it will, because japan has been trapped in decades of deflation and low Interest Rate environment, and finally there i