Page 2 - Cool Demand News Today

>> i think the last state within her diary said it all. >> we had a lot of hurdles to get over. >> i will never forgive myself. never. >> ♪ ♪ ♪ ♪ ♪ ♪ >> the life of a police officer. its full of danger. and stress. >> they have rough days at work. and they end up holding it in. >> our first responders. >> it is hard. it is hard work. >> from one called to the next, you dont know whats going to be up with. >> but our story is about what happened when a first responder had to...

>> this is about hungry babies. hungry babies and parents. >> i never thought i would see this in the united states. weve been struggling as parents to find formula now for months. >> this is a top priority. >> president biden says getting baby formula to american families is a top priority. now getting the u.s. military involved. welcome. im charles payne in for neil cavuto. this is "your world." with us now, pentagon press secretary john kirby. thanks for joining us. now that the pre...

illnesses in children in the north of the country. beijing has attributed the increase to the lifting of covid restrictions. and hundreds of thousands of arrivals in the uk, a blow to time for a look at the business news now. we start with a stark warning from the international energy agency. in a new report, the global energy watchdog say the gas and oil industry needs to vastly cut its emissions to reach climate goals. the iea say the oill and gas sector will have to cut emissions tw...

Rates, which imposing some pain with mortgage rates, for example. that imposes some pain, but the goal of course is to cool demand, to tighten financial conditions just enough so that you get demand and supply more aligned and therefore bring down some of those pressures that are pushing prices upward. >> all right. you did mention a moment ago that gas prices, there might be a little relief, but i wonder as we head into midterms, do you think the american people largely are even listening to th...

Inflation start to go down in terms of food prices and gas? >> well, gas prices, fortunately, have already come down some. thats a good thing. food prices, unfortunately, not looking so great. the challenge for the fed is that they have this one blunt instrument, which is raising interest rates, raising the cost of borrowing, not just for home, for credit card debt, car payments, car loans, et cetera. that can only do so much. that can cool demand. thats what theyre trying to do. try to get cons...

This to hitting the accelerator and slamming on the brakes at the same time because what you have is on the one hand, the bank of england trying to control inflation. trying to cool demand by hiking interest rates while the treasury �*s pumping money into the economy. so i think that could lead to a bit of a standoff as the time goes on and these two work at cross purposes. we are ready saw the proposals failing as we we look at the markets. in the pound is now at the markets. in the pound is ...

Worried about inflation expec expectations getting entrenched. not only will inflation be transitory but it could be quite persistent and last for years. thats what theyre trying to nip in the bud. theyre saying were going to raise interest rates, cool demand, try to do it just enough that they dont get into recession, just enough that price growth slows dramatically, but not enough that we actually have a painful downturn. and its really hard to -- to get that -- to thread that needle. >> this ...

So the fed has to do more. so, if we think about the impact of raising rates it slows demands which, by the way, is exactly what they want. the concern is the fed will have to raise rates so much it pumps the brakes on the economy. thats why were seeing the massive selloff across major asset classes. >> just to put a fine are point on that, what does it mean for average regular people if the fed did raise rates and if they raise is more than expected? >> just look at the mortgage rates right now...

See a way out of this jam. >> i think youre right. rahel, i know youre speaking with a lot of top economists. bottom line, just how bad could things actually get? >> well, look, i think the likelihood of a recession increased after fridays inflation report. the job for the federal reserve was already difficult, try to raise rates to fight inflation and cool demand, but not raise them so much that it sort of, you know, pumps the brakes on the economy, not so much that it triggers us into a recess...

The board in terms of consumer loans like car loans, credit card rates, auto loans, mortgage loans. take a look at the 30-year fixed mortgage rate. at the beginning of the year, wolf, that was at 3%. today its hovering closer to 6.5%. even last week the 30-year fixed was 5.3%, so a dramatic spike in mortgage rates. by the way, wolf, thats exactly the point. the fed is trying to cool demand, trying to cool spending and its doing so my raising rates and making borrowing so expensive, trying to cur...