Rate Cutting Cycle News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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the reaction in asia so far has been mixed. Our north america business correspondent ritika gupta has the details. The federal reserve has delivered a supersized interest rate cut aimed at bolstering the us labour market. The 0. 5 percentage cut, the first in over four years, brings its key interest rate, the federal funds rate, down to between 4. 75 and 5%. It comes amid signs inflation in america is continuing to fall, while the job market remains strong, even as unemployment has risen this year. The labour market is actually in solid condition and our intention with our policy move today i...

Congress. Well have the latest on the talks between Speaker Mike Johnson and Senate Majority leader Chuck Schumer. And take a look at new polling which shows President Biden making up significant ground in a swing state. Good morning and welcome to way too early on this wednesday, may 22nd. Im ali vitally in for jonathan lemire. Testimony in President Trumps hush money trial has officially finished. Former President Trump did not toifr in his own defense can spite telling the press multiple times he really wanted to. Yeah, i would testify, absolutely. Its a scam. Its a scam. Mr. Trump, are you...

>> would you back out if trump backs out? >> no, not now. >> that was president biden at the white house last night answering questions about comments he made earlier at a fund-raiser. we'll go through what he said about the 2024 race just ahead. meanwhile, donald trump was pressed on his promise to use a possible second term to seek revenge and retribution. we'll bring you what he said. and then also ahead the partisan fight over the senate's foreign aid package. one contentious issue is threatening to sink the entire bill. we'll bring you the latest from capitol hill. good morn...

If they come out with another rate hike in february, more than certainly will, a quarter of a point, they will want to keep it at a certain level, 5 or 5.25%, for a certain time for the economy to feel that burn, feel the pain and sop up some of this money and i don't know why wall street is getting ahead of itself. there are people out there who are romancing a rate cutting cycle. we still have significant inflation, as you started off the show by saying, it is an enormous chasm and it will take a lot of monetary tightening. even keeping the rate up there, for a large part of 2023, who knows ...