Indicating a september cut was more likely. Moving in the right direction and the recent unemployment married means now is the right time to talk about. The us economy added an 80018,000 about. The us economy added an 800 18,000 jobs in 2023 and early 2024 but now know what that this report will cut in september but how aggressive they will be. It is looking for clues from fed chairjerome powell. Us federal reseve chairjerome powell will deliver his widely anticipated speech on friday. William lee, chief economist at the milken institute, gave us a sense of what to expect. Well, the federal reserve chairman have used this opportunity to try to let the world get a peek at how they re assessing the world, the financial markets, and what it is that s leading up to the decision in september. And every chairman in the past has really tried to provide some clue as to what it is they ll be doing, not only at the next meeting, but for several meetings thereafter. And the message that you think
Been running a little bit over three. Most people expect now, i hope for that thats the expectation. I think were really at the point here now that it would really take really shockingly bad Inflation Rate to set off the path that there are now. Even an ok number will probably still get them going in september. The cost of living them going in september. The cost of living seems to be a persistent issue for us even though they say inflation is slowing. Jobs being created and wages are going higher. Truth . Slowing. Jobs being created and wages are going higher. Wages are going higher. Why is there such wages are going higher. Why is there such a wages are going higher. Why is there such a mismatch . Wages are going higher. Why is there such a mismatch . I wages are going higher. Why is there such a mismatch . I think there such a mismatch . I think there more of hard things to unravel. I think it comes down to the technical thing about the rate at which prices are going up have slowed
Year. Were going to keep working to take down corporate greed to bring those prices down further. To recap those inflation Numbers Consumer prices cooled injune, putting the 12 Month Inflation Rate at 3 percent, which is the lowest level in over 3 years. Economics professor Prachi Gupta explained what all this means for the us Federal Reserve whether they would cut Interest Rates sooner rather than later. The recent numbers are suggesting that there is a positive trend, and the inflation in us has been falling. However, the fed has been closely watching the numbers because it is still well above the target of 2 rate. And the fed has to be very sure that these trends and the downward trend in inflation is just not temporary and rather more permanent. So we need to understand that it is looking at the Supply Side constraints like you know, what are the forecasts for Commodity And Food prices . And secondly what does the Labour Market Condition in us . Because essentially, the high inflat
China plunged into deflation for four months with the sharpest contraction in Consumer Prices in m years injanuary. Meanwhile, falling Producer Prices continue to be a Problem. In june, they fell 0. 8 in line with forecasts, but easing from the previous months1. 4 drop. An ongoing crisis in the Real Estate sector, which has long accounted for a quarter of the Countrys Gdp, has dragged down growth. For more on this, im joined by kelvin wong, senior market analyst, oanda. Good to see you. What do these numbers tell you about the state of the chinese economy . If you look at the trend, it seems to us that it has started to improve significantly since the start of this year, and if it continues with this movement, it will actually filter down to a positive feedback to the consumer inflationary trend. Nevertheless, in order for the much more sustainable recovery, we also need to see movement in Business And Consumer sentiment as well, which is not showing up as well, which is not showing up
Senators in the state as well as the mayor of New Orleans And the governor, John Bell edwards. Hes out And about right now seeing the hardest Hit Spots throughout louisiana. They were hit by Hurricane Ida. One of the places he will be going to is aplace, louisiana. Some of these homes were submerged. People had to ride out the storm on the roof or attics, people hoping someone would come with a boat to rescue them. People there have lost everything in certain situations. Theyre having to wait in line for essentials like food And water, relying on the kindness of others. In the mornings, we had a Threemile Line waiting for us. Starting at 6 30 people are lining up. Were not open until 8 00, 8 30. The lines are long. Its hot. President biden will get a chance to see the damage that is very vast throughout the state from the sky. He will hop in a helicopter to get an Aerial Tour to places like grAnd isle. This is a City Or Town here in louisiana along the Gulf Coast that basically took a