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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
Central-bankTableStoreBank-of-englandSharesWall-street-higherUsInterest-rate-cutFacebookChiefOwnerDemand record retired narratives like this. if you are vaccinated and boosted coming you are highly protected. you know, be concerned about omicron, but don t be alarmed. and if you are unvaccinated coming you have some reason to be alarmed. there is no excuse, no excuse for anyone being unvaccinated. this continues to be a pandemic of the unvaccinated. if you are vaccinated and boosted, you may get covid, but you are highly protected against severe illness. greg: no excuse. of the president not spending much time on his testing failure, people forced to wait in line and can t get at home tests. but joe biden claims he is making progress. i know this remains frustrating, believe me, it is frustrating to me. but we are making improvements. with more capacity of her in person tests we should see weight line shortened and more appointments freed up, google covid tests near me to find the nearest site where you can get a test most often and free. greg: that s our president. a
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