Just coming in right now. The Federal Reserve has announced a half a point. That was not the most expected. Most of what i read was a Quarter Point expected. It was a toss up, and really heres the thing, the Federal Reserve raised Interest Rates to get inflation down. The more recent readings we have gotten on the economy the last six weeks since the last time they announced decision is pointing to a weakness in the labor department. To cut into unemployment and make more people get out of jobs or increase unemployment further, well, thats the reason why they wanted to dramatically cut Interest Rates. They decided to do so by half a Percentage Point. Economic activity has continued to expand at a solid pace. Job gains have slowed. Well have to see what Fed Chair Jerome powell says to explain cutting Interest Rates by a Half Point. Im going to ask the Control Room if we can get a ticker and keep an eye on whats going on with the stock market. Its going wild . There we go. Ran insana, th
Investment platform. Thanks bro. Thanks for joining Thanks Forjoining us. Mortgages cost more so it is a bit of a Vicious Cycle for First Time Buyers . It is, yes, and there is a bit of respite for people looking to get onto the Property Ladder but they have still got very high costs of borrowing and it will still cost a lot to afford the mortgages once you have got on the ladder and it still costs a lot of money for renting whilst you are trying to get on the ladder. But it is good news for people who are looking to get off the ladder and looking to use their housing as part of that so there is a bit of balance but i suppose house prices matter most when you are trying to change your position. For the vast majority it is a number that changes without us actually trying to change our Housing Position but i think the people trying to get on the Housing Ladder to make the first step are really feeling the squeeze right now. The numbers tell the story. 3. 8 fall in july alone, the fastest
Have about 3. 5 minutes of extra time to go. We are deep, deep into injury time, i should say, and, to go. We are deep, deep into injury time, ishould say, and, yes, i think england, they have a five goal lead, even a draw would take them through as Group Leaders but they have absolutely blown china away. There was some criticism of england coming into this. Theirfirst there was some criticism of england coming into this. Their first couple of games, they won but only 1 0 against opposition they certainly, in haiti, they thought they should have beaten more comfortably, but this time against china they have shown what they are really capable of. This is the england team we saw in the euros, the england team that went on a huge unbeaten run, and the england team that has kept hundreds of people here at box back in croydon thoroughly, thoroughly entertained for the last 90 minutes or so. Entertained for the last 90 minutes orso. Its entertained for the last 90 minutes or so. Its been a r
Is a rate rise good for you . Really looking forward to speaking to you, to hearing from you this morning, by telephone, by text or social media. Lets get the neatest News Headlines from karishma patel. The Bank Of England is expected to raise its main Interest Rate to 5. 25 at lunchtime. It will be the 14th time in a row its gone up. Inflation has slowed down in the past few months, but is still at nearly 8 four times higher than the official target. Deputy Prime Minister, oliver dowden, says migrants will start to be housed on a barge in dorset in the coming weeks and that inspections are being carried out. They were meant to move in earlier this week but there have been concerns over fire safety and port staff. Ofcom says older viewers are switching away from live tv as part of a record drop in people watching traditional television. The Broadcasting Watchdog says audiences now have an all you can eat buffet of broadcast and online content to choose from. Scientists say a Prehistori
in their latest t20 match fresh hope for the world s largest colony of gannets off the east coast of scotland after thousands died last year from bird flu. good morning. we have some heavy and persistent rain coming into northern ireland as we go through today and then later into western scotland. a few scattered showers around but for many we will have a dry day with some sunshine, especially in the south and east. i will have all the details throughout the programme. good morning. it is thursdayjuly the 6th. our main story. the bosses of the four biggest banking groups are meeting the financial watchdog today to discuss concerns that interest rates on savings accounts aren t increasing as quickly as those for mortgages. the banks have denied accusations from mps that they ve been profiteering. our cost of living correspondent, colletta smith, reports. bank customers are feeling the pressure charged lots to borrow money, but given very little reward to save it. so today,