Jerome powell here in york, pennsylvania last year, some relief. Shes Been paying a higher rate on the Credit Card she uses to fund her Business. My Interest Rates have gone up, so my monthly payments have increased tremendously, so i would like to see the Interest Rates come Back down. Whenjerome powell visited this market, the Federal Reserve was watching closely to see if its Big Interest Rate hikes really were cooling inflation, even though it was tough and small Businesses. Thats aBout to change. Mr powell and his colleagues are set to Interest Rates. In york, the arrival of autumn marks a change. After raising Interest Rates 11 times, americas Central Bank is all But certain to unwind that, But how quickly they go down from here is still up for graBs. Perfectly like this on your porch, and then we price it less than picking up the pumpkins themselves. At this farm shop, the reBirth of the economy, as inflation falls closer to the feds official target of 2 , is yet another moment
Well get into more detail on that in a moment but first, lets Take A Deeper Look now on whats happening with the us economy. According to data out in the last hour prices rose at an annual rate of 2. 5 in august. That was slightly less than the 2. 6 markets were expecting and down from 2. 9 injuly. If we look at Core Inflation though which strips out volatile elements such as Food And Fuel prices were rising at a faster rate 3. 2 . Dr sean snaith, director of the institute for economic forecasting at the university of central florida. Hejoins us now. Welcome. First of all, what a surprise of the cpi taking out volatile Food Energy prices. Does this take 50 Basis Point cut to Interest Rates off the table, when the fed meets later this month . Instead, itll more like 25 Basis Points cut . Was the fed behind the curve . Well, i think 50 points is off the table, personally, and i may be in the minority in which 25 is off the table. I think its a bit too soon to raise the mission accomplish
Over which she will likely preside. Republican senators with the solemn duty to offer advice and consent are attacking the anonymous knows race and gender before we even know her name. We have a member of the Senate Judiciary Committee Standing by to talk about the gops desperate smear campaign. And of course race is on the docket in courts across this land as the National Football league deals with a his tore rec lack of black leadership on the sidelines. Brian flores and his attorney is here to tell why he sacked the league with an historic lawsuit this week. And justice has yet to come for the family of Trayvon Martin nearly a decade after his senseless killing. His parents join us on what would have been his 27th birthday. We have a lot to get to, so joining me now is nor alex padilla of california. Senator, we mentioned you sit on the Senate Judiciary committee, so lets start with the Supreme Court. I would love to talk about the many qualified candidates joe biden has to choose f
Over which she will likely preside. Republican senators with the solemn duty to offer advice and consent are attacking the anonymous knows race and gender before we even know her name. We have a member of the Senate Judiciary Committee Standing by to talk about the gops desperate smear campaign. And of course race is on the docket in courts across this land as the National Football league deals with a his tore rec lack of black leadership on the sidelines. Brian flores and his attorney is here to tell why he sacked the league with an historic lawsuit this week. And justice has yet to come for the family of Trayvon Martin nearly a decade after his senseless killing. His parents join us on what would have been his 27th birthday. We have a lot to get to, so joining me now is nor alex padilla of california. Senator, we mentioned you sit on the Senate Judiciary committee, so lets start with the Supreme Court. I would love to talk about the many qualified candidates joe biden has to choose f
new intelligence just china is giving military aid to. russia even as it pushes a so called peace plan to end the war in ukraine. what happens if china makes this move, and how the nice case for spawned? president biden giving the strongest indication yet that he is close to announcing his reelection campaign. i ll talk to lincoln project cofounder rick wilson about who biden s republican opponent will likely be. plus s george santos drinking some truth serum when he admits he is a terrible liar? the freshman congressman is back again in the headlines, for potentially lying to a garage. all of that in moors coming up. and a good sunday morning to you. i am katie phang. three current u.s. officials are telling nbc news that china is considering sending lethal military aid to russia and the form of artillery and ammunition. this would be a dangerous and dramatic escalation to an already brutal war. ukraine has also been pushing for the united states to supply f-16 fighter jets,