12 months. This smoking hot red high its omaha steaks, redhot sale event. Save on everything including are usdacertified tender, fully mignon burgers free order. Now, at omaha steak. Com Slash Tv and Radio Eat im Natasha Bertrand at the pentagon. And this is cnn this is cnn Breaking News we do have Breaking News just into cnn, the Federal Reserve making its announcement on Interest Rate cuts. Lets take you straight to the Federal Reserve in cnns matt egan. Matt, what does the fed say . The fed just delivered its first Interest Rate cut since covid and it is a big one, half a Percentage Point, this is a major milestone for the economy and it does signal greater help on the way for borrowers who are struggling with painfully i Interest Rates on stuff like credit cards, and Mortgage Loans to Small Business loans. So why did the fed end up deciding to go big instead of a more gradual Interest Rate cut well, theres two reasons when you go through the statement some of this is encouraging so
Point cut and i think it supports a 25 point cut next week. Did you see any potential policy shifts at the debate? they had a lot of political rhetoric but not a lot of policy information. We already know were both candidates stand on addressing inflation. We ran a number of scenarios through our models to gauge what the inflationary implications are for each of the candidate policies ranging from trade, immigration, taxes and generally form a president trump would be more inflationary than vice president harris because of the tariffs which are inflationary. On top of that stricter immigration leads to tighter labour markets and stronger nominal wage growth in the united states which by extension would raise inflation a little bit. Not a lot of new information last night, just that the political focuses bringing inflation down but the policies the next few years say otherwise. Markets have been volatile. Will an interest rate cuts stabilise things? since the beginning of this year i |
That. Rate cut next week. Everyone seems to be talking about inflation because of the us president ial debate, if you watch that, did you see the potential Policy Shifts based on the candidate s . Mat on the Candidate S . Not reall , on the Candidate S . Not really. They on the Candidate S . Not really, they had on the Candidate S . Not really, they had a on the Candidate S . Not really, they had a lot on the Candidate S . Not really, they had a lot of| really, they had a lot of political rhetoric but not a lot of policy information. We already kind of know where both candidates stand on addressing inflation, i would candidates stand on addressing inflation, Iwould Run candidates stand on addressing inflation, i would run a candidates stand on addressing inflation, Iwould Run a number of scenarios through our macro model to kind of gauge what the inflationary implications are ranging from trade, government spending, taxes, generally, former President Trump would be more inflationary t
The Israel Defense forces says it responded with fire toward a main instigator of violent activity, who hurled rocks at the forces and posed a threat to them in the beita area. Turkey has described her death as a murder carried out by the netanyahu government. President erdogan said he condemns what he called a barbaric attack by israel. The us State Department Meanwhille has extended condolences to the family of aysenur ezgi eygi. It says its working to gather information about her death. For more i spoke to White House national security communications advisorjohn kirby. I want to start by talking about the i want to start by talking about the shooting i want to start by talking about the shooting of i i want to start by talking about the shooting of an American Citizen in the West Bank yesterday. What do you know about the circumstances . I we have seen that the israeli defense forces have announced that they will investigate that, weve asked for that investigation, we will be watch
There will be a Repeat Election in a few months. Nothing is clear yet. We know that markets dont like uncertainty. We will see how it changes in the next few weeks. In principle, there is a deal between the socialists and the catalan party. If that extends to government, we do not know yet. We will find out pretty soon. This has all weighed quite heavily on spain in general, hasnt it . Talk us through some of the issues the country has been facing. Well, yes, at an economy level, spain is really struggling with unemployment, it is a structural problem, for the past few decades. It is the highest in all of the european union, between 11 and 12 . Especially Youth Unemployment is very high, around 20 . Is very high, around 28 . Also the highest in the eu. So the main struggle for any. The main challenge for any government is reducing unemployment. There has been progress in the past few years under the socialist led government. It has been reduced. But it still has a long way to go. Now,