Stay updated with breaking news from Yen xiaohong. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Cut of half a Percentage Point on wednesday has spurred investors sending us markets into record highs. Traders cheered the Central Banks big call cutting the main Interest Rate to between 4. 75 and 5 . Opening the door with a bang on the first rates Easing Cycle in more than four years. President biden hailed the move as good news for consumers but said there was more work to be done in taming inflation. Lets be clear. The fed lowering Interest Rate is not a declaration of victory, its a declaration of victory, its a declaration of victory, its a declaration of progress. Its a Signal Weve entered a new phase for a colony and are recovery. I believe its important ....
Point cut and i think it supports a 25 point cut next week. Did you see any potential policy shifts at the debate? they had a lot of political rhetoric but not a lot of policy information. We already know were both candidates stand on addressing inflation. We ran a number of scenarios through our models to gauge what the inflationary implications are for each of the candidate policies ranging from trade, immigration, taxes and generally form a president trump would be more inflationary than vice president harris because of the tariffs which are inflationary. On top of that stricter immigration leads to tighter labour markets and stronger nominal wage growth in the united states which by extension would raise inflation a little bit. Not a lot of new information last night, just that the political focuses bringing inflation down but the policies the next few years say otherwise. Markets have been volatile. Will an interest rate cuts stabilise things? since the beginning of this year i | ....
Of americans hitting the roads and skies as the presidential nominees calf off a cap off a busy week. Former president trump barnstorming the battlegrounds as vice president harris prepares to hit the ground in michigan and pennsylvania on monday. Where do things stand in the seven swing statements? we re on it. But first, to the great exodus as a record number of americans say goodbye to summer with one last getaway. We ve got rick like huth reichmuth on the travel rush and jeff flock on the road. Happy weekend to you. Hope you got where you warranted to go and if your home you re home, you re happy and having a good time. I m neil cavuto. What you re facing if you re heading out, rick reichmuth to do the honors. Rick: overall, we ve got a pretty good scenario for the country overall. Central plains, you re looking good. Much of the west, you re looking perfect. But we do have some troubles especially down across parts of the south. Southwestern areas of texas all the way new the loui ....