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MSNBC Way Too Early With Jonathan Lemire June 4, 2024 09:05:00

Ukraine of the united states and for debt relief, the white house pointed out that he had nearly $500,000 in loans forgiven as well. meanwhile, fed chairman jerome powell is set to speak this morning at the federal reserve s annual symposium in jackson hole, wyoming. however fed watchers say the highly-anticipated message is likely not to be anything new but a reiteration of the promise to slow inflation by raising interest rates. cnbc reports that powell may emphasize that contrary to market expectations, the fed will not start to cut rates next year. they may hike rates by another three quarters of a point next month, after doing so twice already this year, both in june and in july. central bank is targeting an end rate of about 3.5%, in the first quarter of next year. joining us now to discuss this, my colleague at politico, on hardship assignment in jackson ....

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MSNBC Morning Joe June 4, 2024 13:36:00

good morning to you. as you mentioned, we re 30 minutes from jay powell s speech at the central bank symposium in jackson hole, wyoming and investors are looking for any clues for the rest of the year including size and number of potential rate hikes and whether the plan to slow down inflation has changed in any way. the feds goal is it 2% inflation and last read at over 8%. this morning we got a fresh read the pcie at 6%. more aggressive rate hikes. the market is moving flat right now. the s&p flat, the dow up very slightly after the opening bell. just a short time ago, futures were under pressure on a lot of rate hike and concession returns and august is just a slow month on wall street. lower volumes and many traders on vacation. the dow and the s&p 500 an the nasdaq heading for a second straight week of losses despite finishing in positive territory yesterday but the nasdaq and the s&p are double-digits higher than the june lows. ....

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