Page 6 - Half Point News Today

And so it would be another indication that inflation is starting to ease and that the fed can start easing back as well. emphasis on start, as we are still a long way off from jerome powells stated goal of 2% inflation. so joining me now is nbcs tom costello, and the host of "full disclosure" robin farasad, he would have been here before. tom i can see youre looking to see what the rate hike is. >> we have it. breaking news. the fed is hiking rates by another half point, 50 basis points, as they...

Problem. it is not going to be over quickly. the fed is seeing signs that inflation is starting to moderate, and it is now hiking rates by just a quarter, a half point, rather, rather than three quarters of a point, and we expect a quarter point hike next month. it is an incredibly complicated problem the fed has to get through. >> they dont want to overdo it. were also looking for signs that they are going to hint at what the next rate hike might be. there is some chatter out there that the nex...

How many more rate hikes could we be in for? we have had five this year. >> yeah, we have had five and had them really quickly, alex. its rate hikes we have not had this many this fast in a very long time. and 11 million open jobs, and what that tells us is the labor market is still hot and still tight, which means wage pressure is there, and it will tell the fed we cant pump the brakes just yet, and theres nothing on the data on inflation that suggests rate hikes dont have much of an impact, ou...

TOKYO (AP) – Hong Kong’s share benchmark soared more than five per cent yesterday as Asian shares tracked gains on Wall Street. New Zealand’s share benchmark rose 0.7 per cent after its central bank hiked its benchmark interest rate to 3.5 per cent, saying inflation remained too high and labour scarce. The half-point rate hike […]

>> is another interest rate coming? and if so, how soon? >> the next meeting in november, which i think happens to be on election day, as it happens, i will have to double check but i think thats right, another rate hike, even a half point or three quarters of a point and unless somehow the inflation miraculously comes down between now and then which is not likely to do. so yes in november another hike and probably several more after that. >> i mean we used to talk about quarter point here, a qu...

It’s good when the unemployment rate is low, right? Of course it is. The problem is that super-low unemployment often comes at the end of the good times, not the beginning.

In a bear market. people say what does that mean. the fed is looking at it used to be a quarter point. would it be a half point? some say .75. they do that to slow an overheating economy. what is that going to mean for average americans? >> i think what its going to mean for average americans is that the economy is going to slow a lot more abruptly than we previously thought it was going to. and so if you are thinking about that from your typical household point of view, it means that money pret...

A little bit higher than i had previously thought. >> but you dont think this a report like this would change the feds direction which would be at least two more interest rate hikes of a half point? >> absolutely. i mean, the fed is just getting to normal interest rates. its not actually slamming on the brakes trying to wreck the economy. its just getting us to a normal place, away from the emergency setting it was going to be on. so definitely those next two 50 basis points baked in the cake. a...

>> bill: you thought your investments were safe yesterday, a huge run-up. this is the open today. so you are up 3 percentage points on wednesday and you are down 1 percent within a minute on thursday morning. fed raised interest rates a half point. havent seen it in 22 years of that magnitude and size. well see how investors digest this news. were off and running on another black diamond on wall street. >> tell me how this ends. >> only with victory. we have no way out. >> dana: president zell s...

Seen in four decades, joining sus a professor of economics in public policy at the university of michigan, always good to have you on. if the fed moves interest rates up a half point as expected. how are every day americans going to feel this? >> well, i this i this note if, its a dead certainty its just about to happen and theyre spell-checking the pre release right now. what it means depends on where you are in your life cycle. if you are about to buy a house, it means mortgage rates be go up....