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MSNBC Katy Tur Reports July 6, 2024



katy tur. here we are again, another fed meeting and another expected rate hike. we re going to get to the number in just a second. it is expected to be a quarter of a point. we re going to see how the markets react to that because they have been on a relative upswing and we re wondering does that trend continue? we are also watching as you well know, memphis. the funeral for 29-year-old tyre nichols is today. and supposed to begin right about now. weather has been delaying it, so we ll go there as soon as it does start. but again, there is breaking news from the fed. just confirmed, they are raising it, interest rates, by a quarter point. joining me now is nbc news business and data reporter, brian cheung. a quarter point, what can you tell us? the nation s central bank, the steward of the u.s. economy raised interest rates by .25 percentage points in their meeting today, after some encouraging news we had gotten in previous weeks that inflation was coming down. was ....

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MSNBC Katy Tur Reports June 4, 2024 19:03:00

Can imagine how many people that sideline perspective home buyers that said you know what, i m no longer a prospective home buyer. it s too expensive to buy a house. we have seen that come down. it s not one-to-one tides, set by the federal reserve. the fed is a big reason by borrowing costs have increased so much, and a reason home sales activities have fallen sharply. the national association of realtors noted that the pace of home purchases in december was just above 4 million. we haven t seen a number that low in many many years. inflation is slowing. gas prices are declining. groceries still stubbornly high. a lot of that due to the hike in eggs. although with bird flu potentially easing, the eggs are expected to go down in price soon. what does this mean for the broader economy, though, brian, about whether we re going to have a soft landing or if we are still in for a recession. does this indicate anything for ....

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