From Chairjerome Powell that a September Interest Rate Cut could be on the table. Those comments from his Press Conference pushed Wall Street higher, with all the major indices closing in the green. The question will be whether the totality of the data, the evolving outlook, and the balance of risks, are consistent with outlooks on inflation and maintaining a solid labour market. If that testis solid labour market. If that test is met, reduction in our Policy Rate could be on the table as soon as the next meeting in september. Tom porcelli, the chief us economist at pgim fixed income in New York laid out his expectations for the fed and us monetary policy, given its an election year. I think you get pretty clear Indication Today that september is the meeting where they will start the process of removing some of the aggressive tightening they have put in place. Do i think that some aggressive Inflation Data could get in the way . We will get to Inflation Reports between now and then. It
Its widely believed to have been carried out by israel, though it has not claimed responsibility. His assassination came the day after israel carried out an Air Raid near the lebanese capital, beirut, Killing Senior hezbollah commander, Fuad Shukr. This followed a Hezbollah Rocket Attack on the occupied golan heights, which killed 12 children on a soccer field. In a televised address wednesday, the israeli prime Minister Benjamin Netanyahu called Fuad Shukr one of the worlds most wanted terrorists, and said israel had settled an account. Translation anyone Who Slaughters Translation Anyone Who Slaughters our Translation Anyone Who Slaughters our children, Translation Anyone Who Slaughters our children, anyone who murders our citizens, anyone who hits our country will have blood on his own head. Citizens of israel, challenging days lie ahead. Since the strike of beirut there are threats from all directions. We are prepared for any scenario and will stand united and determined against an
Hello, im sally bundock. A very warm welcome to the programme. There are growing fears of region wide conflict in the middle east. Iran is due to hold a Funeral Procession shortly for the hamas political chief, Ismail Haniyeh, who was assassinated on wednesday. 62 year Old Haniyeh was the political leader of hamas, the group that runs gaza. He was killed in an Air Strike in tehran while visiting the iranian capital. Hamas Blame Israel for the killing, but Israel Hasnt responded. Iran has vowed to avenge his death. Meanwhile, the un Security Council held an Emergency Session in New York. The Secretary General warned of a dangerous escalation, and israels Prime Minister says his country has challenging days ahead. Shortly, well have a report from Quentin Sommerville in beirut, but first, heres our diplomatic correspondent, paul adams, from jerusalem. Across the West Bank this morning, a furious reaction to the news from tehran. They knew Ismail Haniyeh had a target on his back. And israe
Rate setting meeting. The Federal Reserve decided to keep the cost of borrowing on hold for the eighth month in a row at between 5. 25 and 5. 5 . Thats a 23 year high. But it was what the fed chair had to say that gave investors a boost. Jerome powell gave the biggest hint yet that a September Interest Rate Cut could be on the table. Heres what he had to say. If we were to see, for example, inflation moving down quickly or more or less in line with expectations, growth remains, lets say reasonably strong and the Labour Market remains consistent with its current condition, i would think a Rate Cut could be on the table at the september meeting. Joining me now is wei li, Global Chief Investment Strategist at blackrock. No surprise that Wall Street was chairing this direction, clear communication from Jerome Powell. ~ ,. ,. , powell. Absolutely. He made it very clear powell. Absolutely. He made it very clear the powell. Absolutely. He made it very clear the bow powell. Absolutely. He made
AppoIntments. Interest rates have been cut to 5 . They have lowered Interest Rates, the Bank Of England, from 5 to 5 . Take us through thIs cut. The Bank Of England, from 596 to 5 . Take us through thIs cut. Yeah, the have 5 . Take us through thIs cut. Yeah, they have been 5 . Take us through thIs cut. Yeah, they have been at 5 . Take us through thIs cut. Yeah, they have been at 5. 2596 596. Take us through thIs cut. Yeah, they have been at 5. 2596 for 596. Take us through thIs cut. Yeah, they have been at 5. 2596 for nearly. 596. Take us through thIs cut. Yeah, | they have been at 5. 2596 for nearly a they have been at 5. 25 for nearly a year now, and of the nIne VotIng Members of the Interest Rate settIng commIttee, fIve voted to cut, four voted to hold. They were lower than by a quarter of 1 , that Is the fIrst Interest Rate cut we have seen sInce the ImmedIate aftermath of the pandemIc when rates were cut from not. 75 to not poInt to fIve and a down to 0. 1. In the InterIm, we have