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Hungary PM Chief Cabinet official stated that there was a chance of a budget deal at today’s EU Leader Summit as proposal for agreement contained all the guarantees that was important to us. There would not be any rule of law procedures before 2023. To find out if any of the frugal member States block the draft agreement on EU budget and Recovery Fund
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Bank of Italy (BOI) Monthly Report `Money and Banks : Oct Gross Non-Performing Loans (NPLs) at €64.8B v €65.1B m/m
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China Foreign Ministry spokesperson Hua Chunying announced reciprocal sanctions to target members of US Congress and revoking visa exemption treatment for US diplomatic passport holders visiting Hong Kong, Macau
as we watch this, two constituencies here, the folks at home watching, perhaps, who have never fully recovered from 08. absolutely. and the folks on wall street who kind of tell us what to think about the economy. absolutely. i think, brian, what everybody is watching is, one, how much they raise interest rates if they do raise rates and we should be getting the news momentarily. and whether or not they are done or not. and the fed has raised rates right now. i hear shouting. what do you got? i m just waiting for the headline to come out but it looks like the fed has raised rates by about a quarter point. a range between a quarter point and a half point on the fed funds rate which is a key rate that banks use when they borrow funds from each other. it is called an overnight lending rate. so, they have raised rates. the question is, when we hear from the fed chief janet yellen about a half hour or so whether
it does not address the underlying problem which is the very high cost of college. and the lack of good jobs for when student graduate from college. essentially this move is a punt. students will get low interest loans for a couple years. then the rates will begin to rise. so you are punting for a couple of years. you are making it fairly easy for students to get those loans at a low rate in the immediate future. but the underlying problem high cost of college, no food jobs and that 11 per dle that 11%y rate lingers. bill: they are federally turned student loans provided to student through the department of education available to title 4 eligible schools. first year dependent undergrads