The end of the decade. Our correspondent, erin delmore, is in new york. Just talk to us about this announcement and what it could mean for americas place in that really competitive chip market. America, as ou said, competitive chip market. America, as you said. Is competitive chip market. America, as you said, is working competitive chip market. America, as you said, is working on competitive chip market. America, as you said, is working on getting competitive chip market. America, as you said, is working on getting a you said, is working on getting a 20 share of chip making worldwide over the course of the next decade and the country has a way to go. At the last measure at the start of this decade it was coming injust above 20 , at about 12 of that global Chip Making Output and chips are increasingly important because not only do we find them in our computers and cell phones and cars, but they are also at the edge of the race for Al Technology and that is because some of the highest p
But it is still above the target the Bank Of England sets itself of 2 . And people across the country are still feeling the effects of higher prices despite claims by the Prime Minister that the economy is on the road to recovery. Lets cross live now to chris williamson, chief business economist at s p Global Market intelligence. Always good to see you. We will find out if there is any move. While we are not expecting the Headline Figure to change, we might start to get a sensejudging on figure to change, we might start to get a sense judging on the rating split whether we are going to see those rate cuts many have already factored in. Those rate cuts many have already factored in factored in. Indeed, yes, it is all ofthe factored in. Indeed, yes, it is all of the communication factored in. Indeed, yes, it is all of the communication we factored in. Indeed, yes, it is all of the communication we are factored in. Indeed, yes, it is all of the communication we are looking for. No action,
Better under trump . Absolutely i would say so say so. John democrats take note of that i am john roberts in washington, sentiments are changing, sandra. Sandra very interesting, good to start another hour with you im sandra smith with you in new york this is america reports. Polls show latino voters are drifting from the democrats and the border is a key issue of the swing state voters, the president is heading to texas area because of it tomorrow he will be fighting governor greg abbotts effort. We have in just moments. Sandra but alicia acuna live in chandler, arizona, for us where lisa is making an announcement . Yes, center, President Biden is here toto announce an 8. 5 billion series of grants for intel to help Boost Production of semiconductors and chips. It also works to help boost his standing with American Voters when it comes to his work on the economy. Last night he met with local latino leaders and Community Members to launch latinos con Biden Y Harris he cannot afford to
When the Federal Reserve makes its next decision. Do you agree with that . With that . Yes, i think that is re with that . Yes, i think that is pretty clear. With that . Yes, i think that is pretty clear, they with that . Yes, i think that is pretty clear, they are with that . Yes, i think that is pretty clear, they are looking | pretty clear, they are looking at a federal rate that is finally in repository positive territory in relation to inflation and inflation does seem to be decelerating for now. That gives them so to speak, soft landings and things like that. It gives them the runway to sit back and watch for a little bit longer before deciding which way to go next. There is less certainty about what happens beyond then. Some voices among the policymakers who are concerned about the impact of high Interest Rates on economic growth, what do you think happens beyond september . Are we at the peak of Interest Rates in the us . I are we at the peak of Interest Rates in the us . Rates