On Interest Rates. That was the take away from the central olbanks twodayy meeting where Interest Rates re left unchanged. Todays decision or perhaps better said nondecision follows three rate cuts this year, which was an abouface from from thet four inter rate hikes in 2018. Steve liesman reports from the Federal Reserve in washington. The Federal Reserve ended a momentous year forli monetary by launching what it one where the policy rate is likely on hold for what could be many months. The move to neutral folws three successive rate cuts in hike rates in 2019. Of plans to the fed called the current stance of policy quote appropriate. The feds overnight lending rate stands at a range of 1. 5 to 1. 75 . The fed chairman suggested that could be the case for a while to come. We believe the current stance of Monetary Policy supports sustained owth, a strong labor market and inflation near t symmetric 2 objective. As long as incoming information about economy remains broadly consistent wit
Fire towardst israel following a brif overnight lull. Israels new defense minister says there was little choice but to continue the campaign until the rocket fire from gaza stops. Children are not only killing israelis but they are killing their own people in gaza. The world must stand together and unite against radical otherwiseerrorists, the world will feel its wrath. Mark the leaders from the military groupon mosque have yet to enter the fray. Group hamas have yet to enter the fray. A Chinese National who worked for a u. S. Petroleum company has pleaded guilty in federal court to stealing trade secrets from his employer. Court documents indicate the 66yearold work for phillips when he stole information related to the development of next generation battery technologies. The material was worth more than 1 billion. A plea agreement calls for the 35yearold to give up two years to serve in prison and pay restitution of one under 50,000. Of 150,000. Global news, 24 hours a day on air and
oh. oh. don t goes goodman. bret. jesse: in politics it can be the kiss of death. remember thomas dewey holding up the dewey defeats truman newspaper? remember that? if you were born later you probably don t. i have seen it. it looks like they had fake news back then, too, didn t they? it looks like joe biden had his dewey moment this summer. remember when he declared victory over inflation? actually, i just want to say a number zero: today we received news that our economy had zero percent inflation in the month of july. zero percent. zero inflation last month. jesse: just like he declared victory too early over covid, same thing happened with inflation because, today, just like the rent is too damn high, so are prices. this just in, the august inflation report chief business correspondent christie romans has the numbers what are you seeing? forward cooling but too high. you have the overall inflation number 8.3%. you get inside these numbers, some of the year over
Breaking news, the Justice Department appointed a special counsel to investigate whether russians and the Trump Campaign worked together to influence the 2016 president ial election this unfolded shortly ago. Theres a lot of moving pieces. You can see the rundown. This is what were talking about at 6 30, if you agree with the decision by the Justice Department to appoint a special council we want to to hear from you, use 5at630. Lets tell you a little bit more about the special he was the former fbi director before james comey Robert Mueller, a lot of people are saying hes well respected and not influenced politics that he will do a great job. Theyre saying he will have his own budget. We understand that rod rosen stein thought this was a good idea to bring in Robert Mueller to complete the investigation. As you know Jeff Sessions had to recuse himself from anything dealing with the investigation. Robert mueller appointed by former president George W Bush i believe he took office in th
Calls to 911. Firefighters got on the scene about 2 am and didnt know if anyone was inside until they got into search the apartment. That is when they found the 50 yearold woman. Immediately started cpr. A father telling us firefighters were banging on windows, doors, roofs, anything to get families out of apartments. They were scrambling to make sure everyone was awake. Im screaming get out of the house, get out of the house. It was kind of scary. Reporter you can see the smoke and flames and the damage. About four apartments are damaged in total. Three people have been displaced. There finding another place with the american red cross. This fire is under investigation. Live in phoenix with abc 15 accurate forecast. Temperatures dropping at the top of the hour. Mesa into the upper 50s. Chandler at 59. In glendale 61. We are off to a cool start. It will be another warm day with high temperatures in the 90s across the valley. I will show you how quickly we will get into the 90s with the