Rate setting meeting. The Federal Reserve decided to keep the cost of borrowing on hold for the eighth month in a row at between 5. 25 and 5. 5 . Thats a 23 year high. But it was what the fed chair had to say that gave investors a boost. Jerome powell gave the biggest hint yet that a September Interest Rate Cut could be on the table. Heres what he had to say. If we were to see, for example, inflation moving down quickly or more or less in line with expectations, growth remains, lets say reasonably strong and the Labour Market remains consistent with its current condition, i would think a Rate Cut could be on the table at the september meeting. Joining me now is wei li, Global Chief Investment Strategist at blackrock. No surprise that Wall Street was chairing this direction, clear communication from Jerome Powell. ~ ,. ,. , powell. Absolutely. He made it very clear powell. Absolutely. He made it very clear the powell. Absolutely. He made it very clear the bow powell. Absolutely. He made
Indices closing in the green. The question will be whether the totality of the data, the evolving outlook in the Balance of risks evolving outlook in the Balance of risks will rb can will be consistent of risks will rb can will be consistent. But that is met, reduction consistent. But that is met, reduction could be on the Table Reduction could be on the table. Fixed income fixed our guest, tom porcelli, the chief us economist at pgim Fixed Income in new york, joins us to discuss what he sees as strong arguments for fed action. I think he indicated clearly that september is the meeting where the bill strikes. Inflation data will get to reports between now and then. But the it would have to be a reason to take a pass at. But he left the door open for that possibility. I think at this point, it does look like inflation is in the midst of slowing down, so i dont think thats a hurdle. I think what theyre worried about now is labour. There are certainly some cracks forming in the labour bac
Local Law Enforcement pointing fingers at the Secret Service for the Assassination Attempt against Donald Trump. And Secret Service blaming local Law Enforcement for the failure to protect trump. Now in a rare bipartisan unanimous vote, that is right, unanimous, the house has authorized a Task Force to get to that bottom of all of this. It is time to get all of these people one Roof Room and give the american people answers. Hello, everyone. This is outnumbered. Im Kayleigh Mcenany along with emily Compagno And Cohost ainsley earhardt. Fox Business Anchor and host of american dream home show, sony. And host of Making Money on Fox Business charles payne. Pennsylvania Law Enforcement officers are pushing back against the Secret Service after yesterdays intense Senate Hearing on the trump shooting investigation. Acting secret Service Director Ronald Rowe revealed his agency assumed the roof that the gunman fired upon would be covered. Seconds, if it is communicated quickly to a counter sn
Another fIrst tIme fInalIst. When she lost the fIrst set, It looked lIke she was on her way to a speedy exIt. Besylate coach janne novotna, she never gIves up. She sealed a famous wIn here. On frIday, our attentIon turns to the mens sIngle semIfInal. DanIIl medvedev and not fact djokovIc are both playIng. England are very much on the aIrport In the fIrst test at lords. They had another superb day wIth the ball. The Record WIcket Taker started made 171 earlIer. The West IndIes were left 79 46. It Is stIll hundred and 71 short. Englands women are lookIng to wrap up a an overall t20 vIctory. SylvIe ecclestone removed AmelIa Kerr In her fIrst over. They fInIshed hundred and eIght. England are not long fInIshed theIr response. They are currently 3a 41. England are to naIl up In the fIrst serIes. England are enjoyIng a day out after beatIng the netherlands yesterday. ThIs are enjoyIng a day out after beatIng the netherlands yesterday. The netherlands yesterday. ThIs Is coIn the netherlands y
This week were putting on our next gen specs, strapping on our Brain Controls and entering the metaverse. Just another day in the office, really. Hey, welcome to click. Let me hit you straightaway with a buzzword. You might ve heard it being thrown around recently. Are you ready . Always ready. The metaverse. What you think of the idea . Mark Zuckerbergs Vision that it wont be long before we are working, playing and living in this whole virtual universe. It reminds me of Second Life from about 15 years ago, remember that . I do, i do. This was an early realisation of the Sci Fi Idea that has been around for as long as i can remember. But the Tech Wasnt up to it, then. But things have moved along. We look a lot better online. It balances out the 18 bit at the last 18 months i felt a bit like living in a virtual world, so i have got mixed feelings about this because this is actually the last thing that people want right now . Could it potentially help with some of the isolation under the