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a potential nuclear armageddon with russia. what his staff is saying this afternoon, as we take you live to the white house and to moss couple of i m hallie jackson in washington and with me now is nbc news correspondent josh lederman traveling with the president in hagerstown, maryland. tom costello and global markets reporter with us, too. we saw the big board red, not green like we ve seen earlier this week. talk about why investors are so spooked here. hallie, a number of top advisers telling me interest rates are heading even higher and wall street wanted to seat job wanting to see the job market start to cool and average hourly earnings increasing, and the chair fed has reiterated in the past in order to get inflation down, the job market needs to cool and until it does, interest rates will head even higher a rising rate environment has been challenging for the stock market. that is why the dow is down over 600 points right now. and for companies that increase ....
let s talk to steve more about this. steve, the problem is inflation is at decades high. recession around the corner. it s a heck of a one-two punch. you better believe it. the good news is that the inflation rate has come down a little bit the last two or three months, charles. that s good news. we went from almost 9% inflation this past summer to now we re down to about 7.1%. as you just said, that is still the highest inflation rate we ve had in 35, 40 years. so americans are feeling the punch. their wages and salaries have only gone up by 5 or 6%. that s one of the reasons that you reported that credit card debt is going up. people are trying to maintain their standard of living but paychecks are not keeping pace. i m nervous. i think inflation will come down in 2023 from the high rates of 2022. but i also think that the economy shows real signs of slowing down. i pray we don t crash into a recession. but we sure could. charles: steve, that s what i m concerned ....
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Price Analysis: Bears Spooked by 27% October Rally – 1 November 2023 Bitcoin (BTC/USD) continued to trade sideways early in the Asian session as the pair… ....
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