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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 19:02:00

Meeting today, after some encouraging news we had gotten in previous weeks that inflation was coming down. was at 6.5% as of the last read we got. the federal reserve wants to see that closer to 2%. the mission far from accomplished on inflation. a lot of americans still feeling the pinch at the store. the federal reserve staying in a statement, quote, the committee anticipates that ongoing increases will be appropriate, so it seems like the federal reserve leading on the table further interest rate hikes. translation for every day americans, borrowing costs on mortgages and auto loans and credit cards are going to remain high this year, even if the federal reserve later on this year is able to stop these interest rate increases. let s talk about housing and the mortgage rates. there s a lot of housing out there, and a lot of speaking mortgages. it s leading to a bit of a slow down in the housing market. talk to me about what this will mean for the broader economy? we need the cont ....

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