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
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And advice to work from home. Do you think measures should be brought in . Get in touch with us this morning you can tweet me annita mcveigh or use the hashtag bbc your questions. AlSo this morning. Figures released this Morning Show the rate at which prices are rising jumped to 3. 2 last month. Its the sharpest rise in inflation since records began. Labour is leading a Commons Debate later on whether to keep the £20 a Week UpLift to Universal Credit. Its currently due to be scrapped in october. South korea has tested its own balListic missiles after North Korea fired two into the sea overnight. Ip coins are being made again after a pause of two years. Lockdowns means a lot of coins have been left down Sofas and in pockets At Home. And the first ever all civiLian Space FLight will take off later today with an entrepreneur, a healthcare worker, a scientist and a Data Analyst on board. The roll out of Coronavirus Booster jabs for more than 30 MilLion people across the uk is set to begin
The state department has contacted all the americans registered in afghanistan now and instructed them to report to designated locations for evacuation. Those evacuations have surged in the last few days. At least 70,000 total since august 14th. But the president has asked the military to be ready with contingency options to adjust the time table for final departure if necessary. Still mr. Biden issed a today mo that it is time to heave. The sooner we can finish the better. Each day of operations brings added risk to our troops. Every day we re on the ground is another day we know that isis k is seeking to target the airport and attack both u. S. And allied forces and innocent civilians. While the military races to get everyone out, two members of congress made their way in. Democrat seth moulton and republican peter meyer both military vets said they flew to kabul to conduct oversight of evacuation efforts but they did not give advanced notice to house leadership or the defense depart