Listen to kamala harris. Done before, which is to provide a Tax Cut for billionaires and big corporations which will result in 5 Trillion to americas deficit. Donald trump talked up his economic legacy as the debate moved onto the question of tarfiffs. Youll remember Mr Trump has recently been speaking about increasing tariffs on international goods. Lets have a listen. We are doing tariffs on other countries. Other countries after 75 years will pay us back after 75 years will pay us back after all we have done for The World. The tariff will be substantial in some cases. I took in the billions and billions of dollars from china. In fact, then never took the tariff of because it was so much money. We have had a terrible economy because inflation, which is known as a country buster, it breaks up countries, we have inflation like a very few people have ever seen before, public the worst in our nations history. To get both persepectives, Business Today spoke to greg swenson, chairman of Re
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
Later this month. Lets show you the details. Figures from the us Labor Department Show prices rose at an annual rate of 2. 5 percent in august. 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 more aggressive 3. 2 percent. Our North America Business correspondent Ritika Gupta is in new york. A cut by the fed has been all but promised by them already at their meeting next week. I guess the only outstanding question is by how much. Indeed, as you mentioned in your introduction overall this was a solid report on information monitoring. Annually at 2. 5 , that is the lowest in three years and that is why you will see the White House touting this as it went for the current administration and for the Election Campaign for Vice President kamala harris, and makes it must certain the federal reserve will cut Interest Rates when it meets next week, but for the markets it is a different story and you see th
an inaccurate bbc report which claimed the former ukip leader s account was closed for commercial reasons. documents show that his political views were also considered. police in england are to reduce the number of mental health callouts dealt with by officers if there is no risk to life or a possible crime being committed. the new approach is being introduced over the next two years. charities say that already stretched mental health services, will have to respond instead.data commissioned by the bbc shows that there are, on average, twenty requests to view each home available to rent across britain. the figures, from the property website rightmove, show that competition for rental homes is at least three times higher than it was before the pandemic. a huge mechanical bull created for the opening ceremony of last year s commonwealth games in birmingham has been unveiled to the public at its new home in the city. the 30 foot sculpture called ozzy was initially meant to be dismant
is kind of a special christmas for us to go and see family, so if there was a lockdown, it would be pretty devastating for us. i think if everyone does their bit, i think we should be ok. - it is here now, isn t it? it is not going anywhere so it is a case of learning to live with it. you have just got to be careful. i think, because it keeps raising its ugly head because people are just not careful. parents who have not been vaccinated are being urged to do so to christmas this year is something to celebrate. hexham in northumberland has been named britain s happiest place to live for the second time in three years. more than 20,000 people were questioned for the annual survey by the property website rightmove, which takes into account the availability of green spaces, good schools and community spirit. alison freeman is there to help explain its charms. you must be very happy because you get to spend the day there. yes.