Interest rates leads our leads our global report today as the Federal Reserve unveils an expected quarter point Interest Rate cut the 2nd in 2019 after 2 days of policy meetings a federal open Market Committee of the u. S. Central bank said it would lower the target rate for the benchmark federal funds rate to between 1. 75 percent and 2 percent in a policy statement the fed Committee Reference quote the implications of Global Developments for the Economic Outlook as well as muted inflation pressures as reasons for the cut 7 of the 10 members of the f o m c voted for the new policy while the fed was meeting it has been an interesting week for the overnight funding market as Interest Rates temporarily rose as high as 10 percent for some transactions on monday and tuesday the uncommon rate jumps cause u. S. Central bank to rein them in stabilizing markets by wednesday morning. And while the u. S. Central bank makes their latest. As he moves their counterpart in the European Union is mark
They get out to doing things taking the time to change to us this is our International Live from. First in this world news update a new released report by conservative watchdog alleges theres a covert multimillion dollar strategy to try to promote liberal values in the United States the document a scheme to push certain topics from supporting obama care to slamming Donald Trumps border wall as he goes down of takes a closer look at how its supposed to operate. Whats more powerful in politics than money a strong candidate with a good program and idealist would say nothing a realist would say but a politician would say dark money dark money is the millions of dollars that behind the scenes donors are spending to send the political train down the track and according to the left leaning media its a bad bad thing because the conservatives do it because brothers have made billions and want to ensure their government doesnt limit their ability to make more conservative donor david koch as one
Of talks between beijing and washington since january the news also comes as the u. S. Is introducing a 15 percent tariff on 270000000000. 00 in consumer goods from china plans are also in motion to raise tariffs on consumer goods from 25 to 30 percent expected to take effect on october 1st on the news of the talks markets in china japan and the u. S. All well lead making huge gains for thursday. China has called on canada to immediately release arrested follow executive moments all during comments regarding the appointment of a new canadian ambassador to china man who serves as c. F. O. Of the Telecom Giant was arrested at the vancouver airport in december of 20 at the request of the United States during thursdays remarks Chinese Foreign Ministry Spokesperson trial spoke about how the situation has strained the relationship between china and canada. The chinese side has approved the new canadian ambassador to china to take up the post. We hope that he will play an active role in pushi
The bank daddy of all banks is supposedly independent but are they really the us treasury was supposed to be independent yet they got bullied into trumps agenda the fed is supposedly an independent Government Agency yet powell bowed to political pressure and now finds himself playing defense this is worrisome if theres supposedly independent bodies are so easily influenced. And one of the worlds biggest Credit Rating agencies downgraded the hong kong Sovereign Rating on friday as protests and riots continue inflicting long lasting damage to International Perceptions of the quality and such from this of of hong kongs rule of law and its Business Environment which unexpectedly dropped the bombshell grading the citys rating one notch from a double a plus to double a the citys outlook from stable to negative this could have serious. Simple occasions for the borrowing cost of companies and the government this is hong kongs 1st downgrade by fitch since 1995 but leader kerry lamb hit back to
Essentially free up 126000000000. 00 of liquid capital that could then be used to increase lending support consumption and boost Business Investments this move that came after the glop a moment announced earlier this week its intention to increase economic stimulus measures as china faces increasing headwinds and met the escalating trade war this is the strongest loosening signal from any policy meeting year to date and these measures should provide the support to the real economy and reduce the risk of a dramatic slowdown in the 2nd half of this move was certainly antagonized especially since the p. B. s c. Indicated recently that they are wary a larger scale easing measures and have so far refrained from cutting benchmark Interest Rates meanwhile just when the 2 sides have agreed to resume trade talks treasury secretary minucci and has been quietly pushing the i. M. F. And independent body to endorse its view that china is a currency manipulator this is happening just one week after