From Chairjerome Powell that a September Interest Rate Cut could be on the table. Those comments from his Press Conference pushed Wall Street higher, with all the major indices closing in the green. The question will be whether the totality of the data, the evolving outlook, and the balance of risks, are consistent with outlooks on inflation and maintaining a solid labour market. If that testis solid labour market. If that test is met, reduction in our Policy Rate could be on the table as soon as the next meeting in september. Tom porcelli, the chief us economist at pgim fixed income in New York laid out his expectations for the fed and us monetary policy, given its an election year. I think you get pretty clear Indication Today that september is the meeting where they will start the process of removing some of the aggressive tightening they have put in place. Do i think that some aggressive Inflation Data could get in the way . We will get to Inflation Reports between now and then. It
Indices closing in the green. The question will be whether the totality of the data, the evolving outlook, and the balance of risks, are consistent with rising confidence in the outlooks on inflation and maintaining a solid labour market. If that test is met, a reduction in our Policy Rate could be on the table as soon as the next meeting in september. Lets turn to boeing now. The planemaker has appointed a new Chief Executive to succeed Dave Calhoun whos stepping down. Kelly ortberg, the former head of Aerospace Supplier Rockwell collins, will take over next month as boeing struggles to overcome a series of challenges relating to its Safety Record and supply chains. The announcement came as boeing reported deepening losses in the second quarter of the year, Making A Net Loss of 1. 1; billion. Aviation Analyst Mark Martin weighed in on the new ceo appointment, and whether this marks a Turning Point for the troubled company. Kelly ortberg comes over from Rockwell Collins. His perspectiv
Indices closing in the green. The question will be whether the totality of the data, the evolving outlook in the Balance of risks evolving outlook in the Balance of risks will rb can will be consistent of risks will rb can will be consistent. But that is met, reduction consistent. But that is met, reduction could be on the Table Reduction could be on the table. Fixed income fixed our guest, tom porcelli, the chief us economist at pgim Fixed Income in new york, joins us to discuss what he sees as strong arguments for fed action. I think he indicated clearly that september is the meeting where the bill strikes. Inflation data will get to reports between now and then. But the it would have to be a reason to take a pass at. But he left the door open for that possibility. I think at this point, it does look like inflation is in the midst of slowing down, so i dont think thats a hurdle. I think what theyre worried about now is labour. There are certainly some cracks forming in the labour bac
normally there are hundreds of thousands of people here. they ve been here all day. there are a lot of first responders, doctors and nurses, medical professionals, first responders who are there with their families in these pens as honored guests, as they should be. they are having a good time, and we re all waiting for the ball to drop for the new year. yes, i know. you re a little drunk. you know, we were just talking about annoying things, things that annoy us in our lives right now. yes. i m very annoyed by this book that i read. you have a whole thing about children s books. well, i do children s book reviews on my instagram. and, you know, there are some that make no sense. i mean i had a 70s sesame alphabet book that i mean it says h is for hull. how am i explaining this to my son? there are some kids i m thinking is this an acid trip. do you have potty time for elmo ? they re like, elmo can use the potty. my agent carol is a great friend, got wya
to buy the same goods and services it did last year. retail sales disappointing in november indicating inflation could be slowing holiday spending. as california mask mass mandate goes into effect, some governor in competitive races show kinds of covert fatigue. we ll look at the new divide when it comes to covert restriction. we begin tonight with the white house reeling from bad news ove inflation and cratering poll numbers. good evening kevin. to say that voters are worried about inflation may be the understatement of the day. to make matters worse for the white house, those very same voters are blaming the bite in the ministration for making things worse. that according to our latest foxbusiness survey. when it comes to rising prices, twice as many surveyed thinks the administration s actions ar hurting rather than helping, 47- 20 to in addition buy at 25-point margin, voters believe the president s proposed social spending plan would push inflation even higher, 46-21.