Cut of half a Percentage Point on wednesday has spurred investors sending us markets into record highs. Traders cheered the Central Banks big call cutting the main Interest Rate to between 4. 75 and 5 . Opening the door with a bang on the first rates Easing Cycle in more than four years. President biden hailed the move as good news for consumers but said there was more work to be done in taming inflation. Lets be clear. The fed lowering Interest Rate is not a declaration of victory, its a declaration of victory, its a declaration of victory, its a declaration of progress. Its a Signal Weve entered a new phase for a colony and are recovery. I believe its important for the country to recognise this process because we dont, the progress we made will remain locked in the fear of negative mindset dominating our economic outlook since the pandemic began. Fed officials have made it clear that this cut was only the beginning and investors seem to have liked what they heard. For more, lets get
Shrubbery, if somebody gets into the shrubbery, theyre pretty much out of sight, all right . At this level that he is right now, hes not the sitting president , if he was, we would have the entire Golf Course surrounded. But because hes not, security is limited to the areas that the Secret Service deemS Possible. Thats the sheriff in Palm Beach county, florida, yesterday. Describing the Security Situation at Donald Trumps Golf Course after an apparent Assassination Attempt on the former president. Well bring you the very latest. Meanwhile, trump and his running Mate Jd Vance continue to push false claims about migrants in ohio, despite days of Bomb Threats in the city of springfield. Well play for you Vances Comment where is he seemed to acknowledge theres no truth to those claims. And also ahead, well get Expert Analysis on the war in ukraine. And the countryS Push for clearance to use longrange weapons in russian territory. Good morning. And welcome to Way Too Early on this monday, s
Well get into more detail on that in a moment but first, lets Take A Deeper Look now on whats happening with the us economy. According to data out in the last hour prices rose at an annual rate of 2. 5 in august. That was slightly less than the 2. 6 markets were expecting and down from 2. 9 injuly. If we look at Core Inflation though which strips out volatile elements such as Food And Fuel prices were rising at a faster rate 3. 2 . Dr sean snaith, director of the institute for economic forecasting at the university of central florida. Hejoins us now. Welcome. First of all, what a surprise of the cpi taking out volatile Food Energy prices. Does this take 50 Basis Point cut to Interest Rates off the table, when the fed meets later this month . Instead, itll more like 25 Basis Points cut . Was the fed behind the curve . Well, i think 50 points is off the table, personally, and i may be in the minority in which 25 is off the table. I think its a bit too soon to raise the mission accomplish
Later this month. Lets show you the details. Figures from the us Labor Department Show prices rose at an annual rate of 2. 5 percent in august. Down from 2. 9 injuly. If we look at Core Inflation though which strips out volatile elements such as Food And Fuel prices were rising at a more aggressive 3. 2 percent. Our North America Business correspondent Ritika Gupta is in new york. A cut by the fed has been all but promised by them already at their meeting next week. I guess the only outstanding question is by how much. Indeed, as you mentioned in your introduction overall this was a solid report on information monitoring. Annually at 2. 5 , that is the lowest in three years and that is why you will see the White House touting this as it went for the current administration and for the Election Campaign for Vice President kamala harris, and makes it must certain the federal reserve will cut Interest Rates when it meets next week, but for the markets it is a different story and you see th
Right now Donald Trump will not be sentenced until after the election. Lead starts right now a major win in court for the former president who is sentencing Day Delay and New York Hush Money Cover Up case the stunner from Judge Juan Marchan is trump continues to fight back his conviction on those 34 felony counts, plus todays striking scene in georgia, the 14yearold Suspect in court after this weeks High School killings, followed by his father also now charged in this case, why prosecutors say even more charges . Bridges are coming plus a 26yearold american woman shot and killed in the West Bank by the israeli defense forces, according the witnesses. This after she was protesting against israeli settlement expansion, Cnn Team is on the Ground Welcome to. The lead im Jake Tapper or the 2024 lead and the Law And Justice lead theyre intersecting in a huge way today, Donald Trump, but 34 times convicted felon well now, not to be sentenced for those crimes in his New York Hush Money Cover U