Welcome to Business Today live from new york. Shares are inching higher on Wall Street ahead of the most closely watched meeting of the Us Federal Reserve in years. In just underfive federal reserve in years. In just under five hours time the fed is expected to finally start cutting the cost of borrowing from its two decade high. But how deep are the first could be and with concerns in some quarters about a rapidly weakening us economy, has the fed left it too late . Let s get more from the chief fixed Income Strategist at janney montgomery scott. The big debate here, 25 or a 50 Basis Point Cut. What are you expecting . Basis point cut. What are you petting . Expecting . Its a close call. I think there expecting . Its a close call. I think there is expecting . Its a close call. I think there is relatively think there is relatively little economic impact from one or the other depending on how that decision is made. 0ur Expectation is that the federal reserve will reduce overnight Intere
As you would expect, a great deal of concern. The industry has invested billions in this transition and a lot of it has gone into the uk already, the government has backed that. You have seen them invest in the Tata Battery Factory in somerset, mini production in cowley, Electric Vehicle for commercial Vehicle Production in ellesmere port. So weve got mixed messaging when youre investing in there. If you want to attract and continue that investment, you need a strong market. We want to see what is being said, because at the moment we are getting this mixed message about what is it that the government wants. Ill tell you, if you want to achieve net zero, you have to decarbonise road transport. This morning home secretary Suella Braverman backed the Prime Minister for making difficult decisions on net zero and putting Household Costs first. The Prime Minister is taking an approach of pragmatism and proportionality when it comes to delivering our net zero commitments. Its right that he as