Good to be with you. Im katy tur. This is a monumental day, the Federal Reserve cut Interest Rates for the first time in four years. This was an aggressive 50 Basis Point Cut or half a Percentage Point that will move markets and Mortgage Rates. It might also move the tide of the election. Federal Reserve Chairman Jerome Powell followed the announcement with a speech of his own, appearing to signal more aggressive cuts to come, indicating that inflation is finally under control, all of this, just 48 days before the president ial election. Big day. Joining us now, nbc News Business and data reporter, brian cheung, national Affairs Correspondent with the nation John Nichols, and director of polling at the Harvard Kennedy Institute of politics and msnbc political contributor, John Della volpe. Nbc Business Correspondent Christine romans will be here in just a second. Brian, i shall begin with you, explain what We Saw, and also tell me what he said in his news conference. Yeah, and its stil
From your local County Office to the hallowed halls of capitol hill, conversations are right now underway about something that was a few years ago unthinkable here in the united states of america, the stuff we thought happens in struggling, fledgling democracies, not here. Officials today everywhere bracing for the possibility of chaos around the 2024 president ial election. Thanks to an expresident who launched a Coup Attempt that ended in violence instead of conceding his defeat last time and is now priming his supporters to be shocked, shocked if he loses to a candidate whose entry in the race has thrown him for a loop. A candidate beating him in levels of enthusiasm, crowd size, most polls, basically any significant metric for a president ial campaign. The Associated Press reports that one suburban Atlanta County is deploying local sheriffs at early voting locations and Panic Buttons that connect Poll Managers to 911. More from that reporting, quote, californias Los Angeles County
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 f
That s 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, america s 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 fed s official target of 2%, is yet another moment of change. We want stability. Isn t that what everyone wants? that means security. Stability means you can t predict what your business will do, how your community will grow, all those things, and that means you are secure. Still, on the outskirts of town, the first rate cut since the pandemic may not fix america s housing market. Ben rutt is director of marketing at keystone custom homes. He tells me, despite the mortgage squeeze, house prices here have remained high. Economi
In supermarkets, on the street, in cars, at home and even in barbershops. Thousands of hezbollah members simultaneously injured by exploding pagers. Incidents reported from all over lebanon, from beirut to the bekaa valley, and even in neighbouring syria. Hospitals suddenly inundated. Each explosion may have been small, but men lost fingers and eyes. Some had gaping wounds to their hips where the pagers were worn. Nine people are believed to have died, including one child. Israel is saying nothing about these extraordinary attacks. Frankly, it s hard to think of anyone else remotely capable of mounting such a sophisticated operation. But it comes at a time when the government is threatening to step up its military effort against hezbollah. Israel s border with lebanon has been volatile ever since the war in gaza began exchanges of fire every day between israel and hezbollah. Tens of thousands of civilians on both sides have been forced to flee. Kiryat shmona has been hit several time