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Aug 1, 2024
08/24
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i think jerome powell _ make an influence. i think jerome powell made - make an influence.erome powell made it. make an influence. i think. jerome powell made it clear make an influence. i think- jerome powell made it clear he would like the central bank process to be as apolitical as possible, as he said at the press conference. in terms of the election outcome, though, right now they are not budgeting that in their forecast, but no matter who gets in the white house, we're talking about greater fiscal spend so we expect the election outcome to start getting budgeted and considered end their scenario analysis. goad their scenario analysis. good to have your _ their scenario analysis. good to have your take _ their scenario analysis. good to have your take on - their scenario analysis. good to have your take on what i their scenario analysis. good | to have your take on what the fed decided and what is ahead. thank you for your time. meanwhile, here in the uk, a decision by the bank of england to cut interest rates is "on a knife edge", according to analysts. andrew bailey
i think jerome powell _ make an influence. i think jerome powell made - make an influence.erome powell made it. make an influence. i think. jerome powell made it clear make an influence. i think- jerome powell made it clear he would like the central bank process to be as apolitical as possible, as he said at the press conference. in terms of the election outcome, though, right now they are not budgeting that in their forecast, but no matter who gets in the white house, we're talking about...
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Aug 23, 2024
08/24
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the two years ago when jerome paolo spoke — them.go when jerome paolo spoke here, _ them. the two years ago when jerome paolo spoke here, he _ them. the two years ago when jerome paolo spoke here, he talks _ them. the two years ago when jerome paolo spoke here, he talks about - paolo spoke here, he talks about inflation and it might take some pain to get it under control, what do you think he needs to do in this speech, especially given what you describe as those lingering doubts in the market?— describe as those lingering doubts in the market? there has been a lot of rice in the market? there has been a lot of price volatility _ in the market? there has been a lot of price volatility stock _ in the market? there has been a lot of price volatility stock markets - of price volatility stock markets have been moving, bond markets have been moving as well as foreign exchange market and an awful lot this month. it is an all is because of expectations around fed policy and the us economy, some of it has been related to japan and some of it
the two years ago when jerome paolo spoke — them.go when jerome paolo spoke here, _ them. the two years ago when jerome paolo spoke here, he _ them. the two years ago when jerome paolo spoke here, he talks _ them. the two years ago when jerome paolo spoke here, he talks about - paolo spoke here, he talks about inflation and it might take some pain to get it under control, what do you think he needs to do in this speech, especially given what you describe as those lingering doubts in the...
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Aug 20, 2024
08/24
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and from here, it's a question of modifying expectations, where jerome powell has a tough job. he has to persuade traders that he can cut rates but at his own pace where the market is already pricing for more than he wants to give away. then we will hereafter that from people at the ecb and bank of england, who will also be under pressure to extend rate cuts, but they will want to temper it with the fact of their inflation numbers are not coming down as quickly as they would like. you will get the question of will traders be satisfied with a different pace of cuts? we will get a better idea after everyone has spoken this weekend. >> we have heard from the finish central bank, saying europe's growth risks bolster the case to cut next time in september. do you expect september to be one of the two rate cuts traders are pricing for the rest of the? lizzy: if you look at the way the market has responded since the first interest rate cut from the european central bank and the way christine the guard has guided the narrative, it will be surprising if the ecb does not deliver another
and from here, it's a question of modifying expectations, where jerome powell has a tough job. he has to persuade traders that he can cut rates but at his own pace where the market is already pricing for more than he wants to give away. then we will hereafter that from people at the ecb and bank of england, who will also be under pressure to extend rate cuts, but they will want to temper it with the fact of their inflation numbers are not coming down as quickly as they would like. you will get...
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Aug 23, 2024
08/24
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obviously anything hinting of economic growth is the beneficiary all because of what we heard from jerome powell, the most consequential figure, donald trump cost you a lot, kamala harris talking a lot, this was the line the got him going, we got the text of our remarks jerome powell planned to make that it's time for policy to adjust. after four years of keeping rates where they were or going higher we are going lower. 60% chance if you look at fed fund futures for quarter point cut september 18th when they next meet. 40% of folks looking for something bigger than that, we don't -- the fed chief cooling in the market conditions, we for the sweet spot on the job market, policy rate level isn't coming from the fed chief gives ample room to respond to risks including further weakening in the labor market. 5% overnight bank lending rate level, we have a lot of wiggle room. we started this around 0%. we had 500-2500 basis points of wiggle room so the significance of that can't be lost on anyone who was hearing the fed chief including edward lawrence. edward is not in jackson hole, just in bro
obviously anything hinting of economic growth is the beneficiary all because of what we heard from jerome powell, the most consequential figure, donald trump cost you a lot, kamala harris talking a lot, this was the line the got him going, we got the text of our remarks jerome powell planned to make that it's time for policy to adjust. after four years of keeping rates where they were or going higher we are going lower. 60% chance if you look at fed fund futures for quarter point cut september...
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Aug 26, 2024
08/24
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we look at how jerome powell's signal of a september cut is affecting markets next to. this is bloomberg. ♪ joumanna: welcome back to "bloomberg daybreak: europe." while traders are counting down to a fed rate cut after jerome powell's jackson hole speech pointed toward the start of monetary policy easing. >> the time has come for policy to adjust. the direction of travel is clear and the timing and pace of rate cuts will depend on incoming data and the evolving outlook and balance of risks. joumanna: let's discuss this more with bloomberg's mliv's mark cranfield. we have been tracking the market reactions. a positive reaction to stocks on friday but the dollar slipped 1% in friday's drapery dollar-yen leading the way. how far may it decline this time around? >> traders are looking back at that. so if previous declines of dollar-yen, the biggest worry in recent history is the one at the end of 2022, and that decline was about 16%, between the high and the low for dollar-yen. the low so far even at the extreme point couple of weeks ago is only 12%, so there could be quit
we look at how jerome powell's signal of a september cut is affecting markets next to. this is bloomberg. ♪ joumanna: welcome back to "bloomberg daybreak: europe." while traders are counting down to a fed rate cut after jerome powell's jackson hole speech pointed toward the start of monetary policy easing. >> the time has come for policy to adjust. the direction of travel is clear and the timing and pace of rate cuts will depend on incoming data and the evolving outlook and...
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Aug 24, 2024
08/24
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jerome, welcome, what's going on, where you're at? well, i'm here in dublin city center, the irish capital, and i have to say a large crowd has gathered here to express the frustration and their anger at the complicity in terms of western powers and the genocide that's happening against the palestinian people headed by israel and they are calling for immediate. ban on weapons being sent from western countries, particularly the united states, but you also have countries like france and germany and also inside the eu, the united kingdom, sending weapons and also supporting israel financially as they continue with the genocide, and they're talking about more protests coming up, this is organized by the ireland palestine solidarity campaign, and it's absolutely incredible, if you go onto their website, you can see that literally, literally in the past few months. been hundreds of protests right across ireland in every single town in ireland and even many villages. it's incredible when you look at the number of protests that have happened
jerome, welcome, what's going on, where you're at? well, i'm here in dublin city center, the irish capital, and i have to say a large crowd has gathered here to express the frustration and their anger at the complicity in terms of western powers and the genocide that's happening against the palestinian people headed by israel and they are calling for immediate. ban on weapons being sent from western countries, particularly the united states, but you also have countries like france and germany...
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Aug 26, 2024
08/24
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now, jerome powell did say that it depends on the data.roblem that he faces is that the data is very mixed. just recall, a few days back, a few weeks back, there was a big recession scare, markets tanked, and then we have seemed to have gotten over that, so there are certain indicators which are signalling a recession, there are certain indicators which are saying the economy is fine, but i think, overall, the fed will achieve a soft landing. they seem to have learnt the lessons from the past, and they are being quite cautious about it. with their course of action seeming to be decided, what do you make of the fact that we are heading into an election in the us coming in november? will that uncertainty or any uncertainty there affect the markets? definitely. i think one of the problems the fed is facing is that while we are still sort of in an inflationary environment, monetary policy has been contracting, but fiscal policy has been expansionary in the sense there is the chips stocks and a lot of manufacturing investment being rolled out i
now, jerome powell did say that it depends on the data.roblem that he faces is that the data is very mixed. just recall, a few days back, a few weeks back, there was a big recession scare, markets tanked, and then we have seemed to have gotten over that, so there are certain indicators which are signalling a recession, there are certain indicators which are saying the economy is fine, but i think, overall, the fed will achieve a soft landing. they seem to have learnt the lessons from the past,...
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Aug 20, 2024
08/24
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there's a lot for people to die just here, michelle was talking about jerome powell speaking jacksonat he has to say for financial markets. you have kamala harris coming up with various economic ideas, her policies if she were to get into power. also donald trump as well. your thoughts? definitely, this week will be very important with the symposium and we will see what jerome powell also with regards to interest rates and whether we will see a widely anticipated 25 basis point rate cut in the united states in september. right now the financial markets are pricing in probably about another in total 94% basis points rate cut before the end of this year. i would probably still lead to further upside in equity markets notjust in the us but also in the united kingdom and europe. also in the united kingdom and euro-e. ~ s also in the united kingdom and euro-e. ~ ., ,, also in the united kingdom and euro-e. s ., .,~ also in the united kingdom and euro-e. ~ s .,~ ., europe. what you make of the idea on the — europe. what you make of the idea on the part _ europe. what you make of the idea o
there's a lot for people to die just here, michelle was talking about jerome powell speaking jacksonat he has to say for financial markets. you have kamala harris coming up with various economic ideas, her policies if she were to get into power. also donald trump as well. your thoughts? definitely, this week will be very important with the symposium and we will see what jerome powell also with regards to interest rates and whether we will see a widely anticipated 25 basis point rate cut in the...
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Aug 23, 2024
08/24
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and let's talk about what we will hear from jerome powell later.can you put it in context which in america is the world's largest economy, the largest stock market, the largest bond market, the largest bond market, hope to the world reserve currency some of the global economic engine stalls or something unusual happens to its currency, they could be ripple effects all its currency, they could be ripple effects— ripple effects all the way around the _ ripple effects all the way around the world. - ripple effects all the way around the world. so - ripple effects all the way - around the world. so whether we like it or not, whatjerome powell says it can indeed have substantial implications for pretty much all of us. find substantial implications for pretty much all of us. and yet we have seen _ pretty much all of us. and yet we have seen some _ pretty much all of us. and yet we have seen some of - pretty much all of us. and yet we have seen some of the - pretty much all of us. and yet| we have seen some of the love that larger economies in the world no
and let's talk about what we will hear from jerome powell later.can you put it in context which in america is the world's largest economy, the largest stock market, the largest bond market, the largest bond market, hope to the world reserve currency some of the global economic engine stalls or something unusual happens to its currency, they could be ripple effects all its currency, they could be ripple effects— ripple effects all the way around the _ ripple effects all the way around the...
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Aug 23, 2024
08/24
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stocks love what they heard from jerome powell and what he had to say and look who is a fan of the no tax on tips plan. lady gaga's dads. he is ready to dish and william shatner in is the house and his own trip to space and what he makes of the two astronauts stuck in space. first the rfk junior news and peter ducey in chicago and reaction is coming from democrats on this news. welcome everybody, i'm neil cavuto. man, do we have a packed hour for you. let' let's go to grady in phoenix. >> reporter: former president trump will take the stage. has been teasing a special guest. that of course is widely believed to be rfshg junior who will be -- rfshg junior who will be jin, the president along with a slate of conservative speakers. you mentioned that the former president was in las vegas today, there to tout his no tax on tip proposal with he accused of vice president harris of steaming. he stepped out as rfk junior was making this significant announcement. here is what former president trump had to say. >> just had a nice endorsement from rfk junior, bobby. [applause & cheering] we will
stocks love what they heard from jerome powell and what he had to say and look who is a fan of the no tax on tips plan. lady gaga's dads. he is ready to dish and william shatner in is the house and his own trip to space and what he makes of the two astronauts stuck in space. first the rfk junior news and peter ducey in chicago and reaction is coming from democrats on this news. welcome everybody, i'm neil cavuto. man, do we have a packed hour for you. let' let's go to grady in phoenix. >>...
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Aug 19, 2024
08/24
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jerome powell's keynote speech on friday is widely expected to confirm rate cuts.bel albarran. good to have you with me on the program. looking ahead to jackson hole, stephen brown just told us that jay powell can pull off a soft landing. do you agree? isabel: i do and i think we have seen some easing in the u.s. market but it is easing and not a collapse which is why we are still expecting to see steady and stable being the watchwords for the fed. there is still a focus on incremental easing. lizzie: do you think the market pricing per fed cuts beyond september is too aggressive? isabel: it looks somewhat demanding. we have already seen a big reversal from the surge in cut expectations that we suffer september. i think we might expect to see that echoed further out in the curve. i think it is 200 basis points expected over the next 12 months . given we are not seeing a collapse in economic data, that seems demanding. that being said, the fed has quite a bit of space to do some cutting without making the policy accommodative because rates are pretty high. lizzie: a
jerome powell's keynote speech on friday is widely expected to confirm rate cuts.bel albarran. good to have you with me on the program. looking ahead to jackson hole, stephen brown just told us that jay powell can pull off a soft landing. do you agree? isabel: i do and i think we have seen some easing in the u.s. market but it is easing and not a collapse which is why we are still expecting to see steady and stable being the watchwords for the fed. there is still a focus on incremental easing....
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Aug 19, 2024
08/24
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end of the week, the chief of the us federal reservejerome week, the chief of the us federal reserve jeromes federal reservejerome powell will be speaking at the central bank, a symposium, and it is assumed by the markets that there will be a rate cut in september although it is never done until it is done, but what else will investors be listening out for in his words? you are riaht, listening out for in his words? 7m. are right, everyone is listening out for in his words? 7m, are right, everyone is waiting for september and expecting a rate cut but we have just come off a couple of weeks where we have seen intense market volatility, there was the huge sell—off and then last week the mmp huge sell—off and then last week the ramp back up on the markets, and right now the dowjones is up nearly 200 points. ithink right now the dowjones is up nearly 200 points. i think there is going to be at least from wall street and investors, they are going to want to hear whatjerome powell says about hear what jerome powell says about the hear whatjerome powell says about the path forward, what does the f
end of the week, the chief of the us federal reservejerome week, the chief of the us federal reserve jeromes federal reservejerome powell will be speaking at the central bank, a symposium, and it is assumed by the markets that there will be a rate cut in september although it is never done until it is done, but what else will investors be listening out for in his words? you are riaht, listening out for in his words? 7m. are right, everyone is listening out for in his words? 7m, are right,...
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jerome is accused of turning a blind eye to criminal activity on the platform. and to him and chancellor, olaf sholtes vows to get tough on weight pins and deportations. as he visits the scene of a knife attack in which the 3 people were killed. prosecutors are investigating comfortable links between the suspects of kayla and this. the code is lennox dice. the jared res. thank you for your company. emergency crews in ukraine, dealing with one of the biggest russian a, bombardments since the start of the 4 russian forces. 5 hundreds of miss thousands sent out wives of drawings. they attacked critical national infrastructure right across the crime. presidents zalinski is appealing to allies to lift restrictions on ukraine's use of weapons supplied by the waste. the small village in those out for each your region is just one out of 15 targeted. the strike killed a local farmer down the road to get his sister survived way of the home busy with the potatoes i had just harvested when suddenly there was an explosion. i called scared, so i went to the basement with my h
jerome is accused of turning a blind eye to criminal activity on the platform. and to him and chancellor, olaf sholtes vows to get tough on weight pins and deportations. as he visits the scene of a knife attack in which the 3 people were killed. prosecutors are investigating comfortable links between the suspects of kayla and this. the code is lennox dice. the jared res. thank you for your company. emergency crews in ukraine, dealing with one of the biggest russian a, bombardments since the...
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Aug 22, 2024
08/24
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across the country, from the campaign trail to wall street, there is focus on federal reserve chairman jeromeowell's address at the mountain resort of jackson hole. the bbc�*s michelle fleury has more. inafew in a few hoursjerome powell of the chair of the us federal reserve america's central bank will deliver his most important speech of the year. when he spoke two years ago at this gathering, which has become known as the divorce for central bankers, the emphasis was how to tame inflation which at its peak at 9% which cause pain. the benchmark rate hit a 20 year high. that's were to today and with the america's annual inflation rate tipping below 3% and signs the jobs market is signed —— starting to begin, jerome powell is starting to lay out a road map for the future of american interest rates he will antenna point cut interest rates september with more to follow but he blocked that choose his words carefully after a roller coaster ride on wall street calls for an emergency rate could have subsided. however, financial markets remain on edge. rivals for the white house kamala harris and don
across the country, from the campaign trail to wall street, there is focus on federal reserve chairman jeromeowell's address at the mountain resort of jackson hole. the bbc�*s michelle fleury has more. inafew in a few hoursjerome powell of the chair of the us federal reserve america's central bank will deliver his most important speech of the year. when he spoke two years ago at this gathering, which has become known as the divorce for central bankers, the emphasis was how to tame inflation...
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Aug 26, 2024
08/24
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late last week, the federal reserve boss, jerome powell gave a crystal clear indication that a change is around the corner, saying the time has come for the fed to cut interest rates. joining me now is michelle fleury, our north america business correspondent. a mixed response from markets today. european markets are not terribly excited. it is that becausejerome powell has confirmed what investors already expected? i powell has confirmed what investors already expected?— already expected? i think that is a de . ree already expected? i think that is a decree of already expected? i think that is a degree of what — already expected? i think that is a degree of what we _ already expected? i think that is a degree of what we are _ already expected? i think that is a degree of what we are seeing - already expected? i think that is a degree of what we are seeing on | already expected? i think that is a i degree of what we are seeing on the market... i should degree of what we are seeing on the market... ishould point degree of what we are seeing on the market... i should point out that the
late last week, the federal reserve boss, jerome powell gave a crystal clear indication that a change is around the corner, saying the time has come for the fed to cut interest rates. joining me now is michelle fleury, our north america business correspondent. a mixed response from markets today. european markets are not terribly excited. it is that becausejerome powell has confirmed what investors already expected? i powell has confirmed what investors already expected?— already expected? i...
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Aug 22, 2024
08/24
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i'm talking about the chairman of the federal reserve, jerome powell. edward lawrence knows him on a first name basis which is why we go there, because he's there. he could be doing this remotely but we want him there and the fed insists on it so there he goes. i always talk about we pay attention to these politicians and what donald trump has to sandwich kamala harris has to say but for the moment but guy who matters more at least near-term for the markets is jerome powell. >> i did bump into the fed chairman earlier this morning, said hello to them. he is asking is asking about you. the federal reserve has made up a pivot. they are focused on jobs that. we saw the benchmark revision, they want to see how jobs are going forward. the inflation risk has come down a little bit, but with the pulmonary benchmark revision, for the federal reserve president we talked with this morning, those revisions will not change the fed's path. >> we need to take this with a grain of salt. >> does it change your view of monetary policy? >> we are in a place right now whe
i'm talking about the chairman of the federal reserve, jerome powell. edward lawrence knows him on a first name basis which is why we go there, because he's there. he could be doing this remotely but we want him there and the fed insists on it so there he goes. i always talk about we pay attention to these politicians and what donald trump has to sandwich kamala harris has to say but for the moment but guy who matters more at least near-term for the markets is jerome powell. >> i did bump...
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jerome is completed in crimes can be says buy office on his platform steer. office detainment came as pod all of an inquiry opens last month involving 12 alleged to criminal violations, including complicity in selling child 6th, sexual abuse, material complicity and drug trafficking fraud, a banking, organized crime transactions and refusing to share information with investigations when required to by law for example, to combat terrorism. if a golfer and is the director of cyber security of the digital rights group, the electronic frontier foundation on monday, she told d. w. she was concerned about the lack of detail regarding the accusations against your of she spoke with us again today, and i asked her what her thoughts were now that he's being charged. we actually still don't have any more details than we had yesterday about that. exactly what this investigation is is all about. so i have many of the same concerns. the only thing that's changed is that the draft is no longer in jail, but he is stuck in france and we're still not entirely sure why. well, t
jerome is completed in crimes can be says buy office on his platform steer. office detainment came as pod all of an inquiry opens last month involving 12 alleged to criminal violations, including complicity in selling child 6th, sexual abuse, material complicity and drug trafficking fraud, a banking, organized crime transactions and refusing to share information with investigations when required to by law for example, to combat terrorism. if a golfer and is the director of cyber security of the...
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Aug 23, 2024
08/24
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we will hear from fed chair jerome powell at jackson hole.ernor ueda has been testifying in parliament, neither wanting to upset the market, but traders clinging to every word. futures pointing higher stateside, a touch higher in europe. if we flip the board over, we have had this mixed bag of data from the u.s., some hesitant fed speak, sending the yield over 4%. but now the two year yield is 3.9%. the yen i higher off ueda's comments, but paring some earlier gains. euro-dollar, mind that also. brent heading for a weekly loss. $77 a barrel is where we trade on this challenging demand outlook, sinking prices and efforts to reach a cease-fire deal in gaza. let's get over to the u.s. politics. the d&c in chicago. paris taking center stage. she says she's determined to lead a strong economy that will benefit millions of americans. >> instead of a trump tax hike, we will pass a middle tax -- middle-class tax cut that will benefit more than 100 million americans. lizzy: more from vonnie quinn. a lot of vibes, but how much policy detail that we get
we will hear from fed chair jerome powell at jackson hole.ernor ueda has been testifying in parliament, neither wanting to upset the market, but traders clinging to every word. futures pointing higher stateside, a touch higher in europe. if we flip the board over, we have had this mixed bag of data from the u.s., some hesitant fed speak, sending the yield over 4%. but now the two year yield is 3.9%. the yen i higher off ueda's comments, but paring some earlier gains. euro-dollar, mind that...
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Aug 23, 2024
08/24
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today all eyes, from wall street to the campaign trail, will be on the us central bank chair, jeromel, when he speaks at the mountain resort ofjackson hole. his words will move markets across the world, as investors seek a steer on the direction of travel from the fed and its next all important interest rate call. michelle fleury has the details. in a few hours, jerome powell, the chair of the us federal reserve, america's central bank, will deliver his most important speech of the year. when he spoke two years ago at this gathering, which has become known as the davos for central bankers, the emphasis was on how taming inflation — which, at its peak, hit 9% — would cause pain. as part of that fight, the fed raised its benchmark rate to a 20—year high. fast forward to today, and with america's annual inflation rate dipping below 3%, and with signs that the jobs market is starting to weaken, mr powell is expected to lay out a road map for the future direction of us interest rates. the betting is, he'll hint at a quarter—point rate cut in september, with more to follow. but he'll have
today all eyes, from wall street to the campaign trail, will be on the us central bank chair, jeromel, when he speaks at the mountain resort ofjackson hole. his words will move markets across the world, as investors seek a steer on the direction of travel from the fed and its next all important interest rate call. michelle fleury has the details. in a few hours, jerome powell, the chair of the us federal reserve, america's central bank, will deliver his most important speech of the year. when...
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Aug 30, 2024
08/24
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ALJAZ
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me, tulsa, i'm sorry, for poets the time has come for policy to adjust us federal reserve. chad jerome palm explicitly endorsed cutting interest rates in his hardly anticipated speech in jackson hole, wyoming inflation has declined significantly. the labor market is no longer overheated, and conditions are not less tight, and those that prevail before the pandemic supply constraints have normalized and the balance of risks to our to mandates has changed. addressing central bankers at an annual meeting, paul said he was confident installation was within reach of defense to percentile get the bottom line here is that the 1st cuts coming in september. there is little doubt about that now. he all, but promised it will be coming to fed raise rates to a 20 year high when inflation sold during the cold with 19 pandemic. it hasn't moved them in more than a year, even as inflation. so the economy kept growing. powell is now hoping to avoid recession, as well as further increases in unemployment. often speech. pablo how talks with the governors of the bank of england and bank of canada. both hav
me, tulsa, i'm sorry, for poets the time has come for policy to adjust us federal reserve. chad jerome palm explicitly endorsed cutting interest rates in his hardly anticipated speech in jackson hole, wyoming inflation has declined significantly. the labor market is no longer overheated, and conditions are not less tight, and those that prevail before the pandemic supply constraints have normalized and the balance of risks to our to mandates has changed. addressing central bankers at an annual...
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Aug 1, 2024
08/24
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this green coming through thanks to what we heard from jerome powell. tom?avril hong in singapore with the asian market. it's a pretty fascinating day in terms of how these asian markets are reacting to yen strength and what we have been hearing from jay powell. with the toyota focus as well, in terms of their earnings story on that automaker. we saw some significant moves, particularly around technology, yesterday. nasdaq 100 posting gains of around 3%. s&p 500 index ending higher by about 1.6%. futures pointing higher by about 0.3% on european futures. ftse 100 futures, we build up to that decision on the boe, traders expecting the first cut of the cycle and ftse 100 futures pointing to gains. s&p futures looking to add to the upside of yesterday, up 0.6%. nasdaq futures pointing higher by 0.8%. nvidia added $330 billion in market value in a single session. let's look across asset. there have been moves into treasuries on the back of the signaling by jay powell about september is very much in play for the first cap. at the front end -- for the first cut. j
this green coming through thanks to what we heard from jerome powell. tom?avril hong in singapore with the asian market. it's a pretty fascinating day in terms of how these asian markets are reacting to yen strength and what we have been hearing from jay powell. with the toyota focus as well, in terms of their earnings story on that automaker. we saw some significant moves, particularly around technology, yesterday. nasdaq 100 posting gains of around 3%. s&p 500 index ending higher by about...
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Aug 4, 2024
08/24
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jerome hughes press tv, paris.t, darling, hold to me for the life, wake up, where, where do we go to, wake up, fire, fire in your eye, oh love, we will try to come in. to save you, it's all just matter of time, wake up won't you listen to the people, wake up from the mountain of the lies. no love you've been upon through every sequel. wake up, wake up, wake up, wake up, wake up, call your brother, call your mother, wake up, under raid from the sky. oh, love, we're digging deeper in the rub, hold to my voice outside. wake up, we just lost another family, wake up cuz we need the world to see. no love, they won't ever understand us, too bad, we're just bodies a screen, wake up, they don't care about the people, wake up, they don't care about you too, oh lord, if you're walking with the people, hold on cuz they're coming for you, wake up little boy, they don't want you, wake up, you might threaten. welcome everyone, welcome to another live stream, it's good to be with all of you, it's your host danny high fong, today w
jerome hughes press tv, paris.t, darling, hold to me for the life, wake up, where, where do we go to, wake up, fire, fire in your eye, oh love, we will try to come in. to save you, it's all just matter of time, wake up won't you listen to the people, wake up from the mountain of the lies. no love you've been upon through every sequel. wake up, wake up, wake up, wake up, wake up, call your brother, call your mother, wake up, under raid from the sky. oh, love, we're digging deeper in the rub,...
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Aug 4, 2024
08/24
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jerome huse has more from the french capital. the latest assassinations of palestinian resistance leaders was one of the main talking points as thousands gathered in central paris on saturday, the message was clear, that strategy won't work, it doesn't matter if they kill one leader, because it's still here, the people are still here fighting for their liberty, for their freedom, for their their own land, of course it will work, it will actually uh be the motor to uh create more leaders in a word to show that what is right and what is wrong, israel is able to kill... assistance leaders without any seem to get away with anything. yes, well, israel can do nothing without the support of america, especially of our united states as well as its allies. french authorities, the international olympic committee and the global community faced heavy criticism for permitting israeli athletes to compete in the paris olympics. this as the death toll in gaza continues to rise. it's a genocide and unfortunately the main medias here in france are
jerome huse has more from the french capital. the latest assassinations of palestinian resistance leaders was one of the main talking points as thousands gathered in central paris on saturday, the message was clear, that strategy won't work, it doesn't matter if they kill one leader, because it's still here, the people are still here fighting for their liberty, for their freedom, for their their own land, of course it will work, it will actually uh be the motor to uh create more leaders in a...
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Aug 4, 2024
08/24
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jerome hughes press tv. paris. thousands of people have gathered in turkish city of istanbul to morning the assassination of the hamas leader asmania and to support garsons under the banner last call. russian saglam reports from istanbul. thousands of turkish people took to the streets on saturday in what was labeled as the final call from martter haniye after the hamas political bureau chief ismail hanye was assassinated. haniye had urged all islamic countries to stage rallies on saturday in support of the resistance in palestine and gaza and and with the oppressed palestinians being tortured in israeli prisons. in response to the call from hanny year for global mobilization, pro palestinians gathered in the ia sofia square. the event was organized in different cities and provinces across turkey. marder ismail hanye called on the muslim world to hold mass rallies on this day, and here we are answering his call and telling zionis that if you assassinate hania, this doesn't mean you can stop us from standing with ga
jerome hughes press tv. paris. thousands of people have gathered in turkish city of istanbul to morning the assassination of the hamas leader asmania and to support garsons under the banner last call. russian saglam reports from istanbul. thousands of turkish people took to the streets on saturday in what was labeled as the final call from martter haniye after the hamas political bureau chief ismail hanye was assassinated. haniye had urged all islamic countries to stage rallies on saturday in...
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Aug 30, 2024
08/24
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you can see how he coaxes the best out of those athletes. jerome avery, guide runnerfor team usa. cuts in the last two months because of financial pressures, the bbc news has learned. the organisation representing the sector hospice uk is warning of a funding crisis. hugh pym reports. at st giles hospice in the west midlands, andrew, who has been no cancer, is getting used his new surroundings after a transfer from new surroundings after a transferfrom hospital. the transfer from hospital. the clinical director transferfrom hospital. the clinical director is reassuring him. �* . clinical director is reassuring him. �* , ., him. i'm christie and i will have a chat _ him. i'm christie and i will have a chat with _ him. i'm christie and i will have a chat with you - him. i'm christie and i will| have a chat with you about him. i'm christie and i will- have a chat with you about how things have been, how you are feeling, is that ok? how are you doing? it feeling, is that ok? how are you doing?— you doing? it has been difficult. _ you doing? it has been difficult. and _ you doing? it h
you can see how he coaxes the best out of those athletes. jerome avery, guide runnerfor team usa. cuts in the last two months because of financial pressures, the bbc news has learned. the organisation representing the sector hospice uk is warning of a funding crisis. hugh pym reports. at st giles hospice in the west midlands, andrew, who has been no cancer, is getting used his new surroundings after a transfer from new surroundings after a transferfrom hospital. the transfer from hospital. the...
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Aug 4, 2024
08/24
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jerome huse press tv, paris. embark a full-scale military invasion of lebanon. well, to be frank, i think it's the end for these radies. i i think there's no recourse for them anymore. uh, they have uh fallen into a trap of epic proportions. the report that she's just given us is based almost entirely on the the uh report from the institute for national security studies which is a um zionist think tank in tel aviv. now you might think from in listening to it that if you were just listening to it without knowing that that this was very pro hisballah report, but actually this is design his report, it indicates really doesn't it, the difficulty of the legal situation in the uk where hisbolah is a prescribed organization, is an illegal organization, but can you come imagine the institute of national security studies in tel aviv being subject to police action to be arrested for being pr. the westbank economy is in a crisis, israel wants to take over the... us bank and they also want to take over whatever is left of ga
jerome huse press tv, paris. embark a full-scale military invasion of lebanon. well, to be frank, i think it's the end for these radies. i i think there's no recourse for them anymore. uh, they have uh fallen into a trap of epic proportions. the report that she's just given us is based almost entirely on the the uh report from the institute for national security studies which is a um zionist think tank in tel aviv. now you might think from in listening to it that if you were just listening to...
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Aug 25, 2024
08/24
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jerome hughes reports from the irish capital. a recent opinion poll found that 79% of adults in ireland believe israel's massacre in gaza amounts to genocide, the us has played double speak with the whole cease fire negotiations. campaigners gathered in dublin city center on saturday to hear facts about america's complicity in the genocide being spearheaded by israel. we're doing this with complete impunity and the support of the united states, this year. "the united states increased its military aige to israel from 3 billion a year to 15 billion a year. thousands more palestinians are on the brink of starving to death if disease doesn't kill them first. israel has been described as washington's regional puppet. the israeli regime is essentially a client of the united states. this is part of the imperial system that of the united states order. israel does for the..." states, what then the united states doesn't have to do for itself in in the in the middle east, the dublin rally heards that the israel lobby runs everything in the
jerome hughes reports from the irish capital. a recent opinion poll found that 79% of adults in ireland believe israel's massacre in gaza amounts to genocide, the us has played double speak with the whole cease fire negotiations. campaigners gathered in dublin city center on saturday to hear facts about america's complicity in the genocide being spearheaded by israel. we're doing this with complete impunity and the support of the united states, this year. "the united states increased its...
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Aug 21, 2024
08/24
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we're waiting for jerome powell at jackson hole on friday. we're waiting for signals that cuts are coming in september. that bout of panic selling at the start of the month seems like a long time ago. if it hadn't been for yesterday's dropped, the s&p 500 would have hit its longest winning streak in 20 years. doesn't look like it is coming today though. futures pointing higher on both sides of the atlantic. if we flip to the cross as it picture, 10-year u.s. treasury yields steady at 3.8%. we had a fall after canada's down side surprise and core cpi. now we look ahead to potential revisions to data for a catalyst today. euro-dollar at 1.11, propping up g10 effects globally. gold a new record and brent still hovering at $77 a barrel as traders assess the stalled equity rally animal concerns over global demand. avril hong is in singapore with a check on markets. >> we are seeing a risk off day in the asia-pacific. potential downward revisions in payrolls and waiting for fed minutes. ahead of all that, the risk is being taken off from the market
we're waiting for jerome powell at jackson hole on friday. we're waiting for signals that cuts are coming in september. that bout of panic selling at the start of the month seems like a long time ago. if it hadn't been for yesterday's dropped, the s&p 500 would have hit its longest winning streak in 20 years. doesn't look like it is coming today though. futures pointing higher on both sides of the atlantic. if we flip to the cross as it picture, 10-year u.s. treasury yields steady at 3.8%....
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Aug 14, 2024
08/24
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CNBC
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you have to watch what fed chair jerome powell says, .e'll see if he's dovish or hawkish on some statements he says. the unemployment figure last month or a week and a half ago was very disturbing. he needs to be very careful. he's walking a tightrope on interest rates and he'll cut interest rates sooner than later. >> that growth slowdown leads to inflation slowdown. things are tempering there. does that now mean you feel more comfortable going back in the markets given the malaise we saw in the last week and a half or so? >> that's a really interesting question. we wrote about this a week and a half ago, that we expected to get what we got when the market went straits down with a carry trade. no, we do not expect that. it stopped us with a few positions. i'm very bull usual on the market long term. i think by the end of the year, we can see 5700. on the near term, there's a lot of nervousness there. i think being a little bit patient and picking your positions carefully is a very prudent way to trade, especially for the next two, four,
you have to watch what fed chair jerome powell says, .e'll see if he's dovish or hawkish on some statements he says. the unemployment figure last month or a week and a half ago was very disturbing. he needs to be very careful. he's walking a tightrope on interest rates and he'll cut interest rates sooner than later. >> that growth slowdown leads to inflation slowdown. things are tempering there. does that now mean you feel more comfortable going back in the markets given the malaise we...
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Aug 4, 2024
08/24
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jerome hughes press tv, paris.sia now we had also reports of such rallies in turkey and istanbul and pakistani capital city and islamabad and just french. just saw reporting there, and this is happening right now as we speak, this is the capital of malaysia, ries have been held regularly all over the planet in the past. are getting bigger and bigger as you can see and as the west asia region is witnessing further escalation due to the incidents in the past week, kita berikan tepukan paling gemuruh buat saudara faizal tahir, palestin palestin palestin merdeka. palestin, palestine, palestin merdeka, bangkit-bangkit, bangkit gaza, bangkit-bangkit, bangkit palestin, hidup-hidup, hidup gaza, mengumkan ketibaan yang. people out there in a large gathering slogans in solid alhamdulillah kita mengucapkan kesyukuran kepada allah subhanahuwataala dengan izinnya dapat kita bersama-sama dengan perdana menteri kita bersama dengan tuan-tuan yang saya kasihi sekalian bersama dengan wakil keduaan asing bersama dengan anggota kabine
jerome hughes press tv, paris.sia now we had also reports of such rallies in turkey and istanbul and pakistani capital city and islamabad and just french. just saw reporting there, and this is happening right now as we speak, this is the capital of malaysia, ries have been held regularly all over the planet in the past. are getting bigger and bigger as you can see and as the west asia region is witnessing further escalation due to the incidents in the past week, kita berikan tepukan paling...
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Aug 3, 2024
08/24
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jerome huws there talking to us from paris. thank you jerome. well, huge crows have also taken to the streets in the uk capital, london to show solidarity with palestinians amid the us disory genocide in gaza. the demonstrators waved palestinian flags enchanted slogans calling for immediate cease fire in the besieg territory. they slamed the uk government's support for israel and called for arms export to tel aviv to be immediately stopped. the uk has been witnessing regular nationwide pro-palestine demos since early october, on southern border continues to witness escalating tensions and the exchange of fire between hisbollah and israel, now the resistance group says it has targeted a military base north of the occupied palestinian territories. there are also reports of israel hitting southern lebanon. this might not more from marians us. miriam, what do you have for us? well, it seems that this uh support front in south. leban has gone back to its normal course, we're seeing of course continuous operations for the resistance in addition to the
jerome huws there talking to us from paris. thank you jerome. well, huge crows have also taken to the streets in the uk capital, london to show solidarity with palestinians amid the us disory genocide in gaza. the demonstrators waved palestinian flags enchanted slogans calling for immediate cease fire in the besieg territory. they slamed the uk government's support for israel and called for arms export to tel aviv to be immediately stopped. the uk has been witnessing regular nationwide...
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Aug 23, 2024
08/24
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with jerome powell due to speak later today. and investors want to hear a commitment that the fed is on track to start cutting rates. now investors would also like to have an indication of by how much the fed is going to cut rates. however, jerome powell is unlikely to go that far today. nonetheless, at this stage, experts suggest we will see a 25-basis-point cut in september. but one of the key questions at this stage is what is going to happen between september and the end of the year. by how much will interest rate changes happen during that process. i also want to take you to canada. we are monitoring the development out of canada this morning. with freight trains actually on track to be running again in the coming days. this after government intervention that basically sent both sides of the argument into final binding arbitration. this is important for u.s. consumers as well. because canada exports 75% of their goods to the u.s. mostly by train. >> yeah, it would be a major disruption. thank you. >>> the united states post
with jerome powell due to speak later today. and investors want to hear a commitment that the fed is on track to start cutting rates. now investors would also like to have an indication of by how much the fed is going to cut rates. however, jerome powell is unlikely to go that far today. nonetheless, at this stage, experts suggest we will see a 25-basis-point cut in september. but one of the key questions at this stage is what is going to happen between september and the end of the year. by how...
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Aug 23, 2024
08/24
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what jerome powell said and what it could mean for everything think from your mortgage rate to credit card bills, we're following these major developing stories and many more all coming in right here to cnn news central from a historic night to now, the tough fight looming ahead, vice president kamala harris is in full campaign mode after accepting the democratic nomination. >> and for president the future is always worth fighting for that's the fight we are in right now. >> a fight for america's future watershed moment, but perhaps one that harris won't have much time to save her because with just 74 days to go, this close race is already getting a jolt that could threaten to change the outcome on election day hey, here in less than an hour, robert f. kennedy jr. will take the stage in arizona, and he's expected to formally announce that he is suspending his presidential race. his base of support is small, but it could be pivotal depending on where his voters go and whether rfk junior endorses donald trump, which appears likely though not guaranteed we have cnn national correspondent
what jerome powell said and what it could mean for everything think from your mortgage rate to credit card bills, we're following these major developing stories and many more all coming in right here to cnn news central from a historic night to now, the tough fight looming ahead, vice president kamala harris is in full campaign mode after accepting the democratic nomination. >> and for president the future is always worth fighting for that's the fight we are in right now. >> a fight...
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Aug 23, 2024
08/24
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but, of course, today's big market event is the speech from jerome powell.10:00 a.m. eastern time, and that could be the catalyst for significant change in the way that how investors are actually feeling at this stage. let's see. >> there will be so many eyes on that speech, and as you noted a couple hours from now from jackson hall, wyoming. what are the expectations onto what he has to say in. >> investors will get clear on if he's cutting rates. however, at this stage traders are expecting that we will see at least a 25 basis point cut at the september meeting. however, one of the key questions as well what we have today is what is the outlook? by how much will interest rates change between september and the end of the year? we'll have to wait and see, but no doubt that today's speech and of course the upcoming data between now and that september meeting will be critical to understand to understand what the fed is likely to do this year. >> all right. cnbc's silvia amaro live from london, we greatly appreciate it. and of course we'll have coverage of jero
but, of course, today's big market event is the speech from jerome powell.10:00 a.m. eastern time, and that could be the catalyst for significant change in the way that how investors are actually feeling at this stage. let's see. >> there will be so many eyes on that speech, and as you noted a couple hours from now from jackson hall, wyoming. what are the expectations onto what he has to say in. >> investors will get clear on if he's cutting rates. however, at this stage traders are...
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Aug 23, 2024
08/24
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chair jerome powell signaling today the fed will cut the latest step to pull off a so-called soft landing, taming inflation while avoiding triggering a recession, and brian cheung with what it means for your money. >> reporter: tonight, the clearest sign yet from federal reserve chairman jerome powell that spenders will soon get a little help. >> the time has come for policy to adjust. >> reporter: translation, get ready for lower interest rates. americans have been paying high rates on everything from credit cards to car loans and mortgages. chris from louisville says he's feeling the squeeze of the roughly 30% interest rates on his $6,000 in credit card debts. slightly lower rates will at least take some of the edge off. >> but even if that makes a accident, that's just going to help monthly payments but not pay off the payments. >> reporter: journey of grits and waffles say lower rates will help her expand. >> with interest rates being lower, i see grits and waffles being in every major city. i mean, you know, being able to borrow money for a lower cost or even having credit cards with
chair jerome powell signaling today the fed will cut the latest step to pull off a so-called soft landing, taming inflation while avoiding triggering a recession, and brian cheung with what it means for your money. >> reporter: tonight, the clearest sign yet from federal reserve chairman jerome powell that spenders will soon get a little help. >> the time has come for policy to adjust. >> reporter: translation, get ready for lower interest rates. americans have been paying...
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Aug 23, 2024
08/24
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high stakes — wall street opens higher, a half—hour before fed chair jerome powell is set to give a muchnational convention with a landmark speech. and safe from harm, the band massive attack aim for a carbon—neutral festival in bristol this weekend. welcome to business today, i'm michelle fleury live from new york, where us financial markets have just opened. in half an hour, jerome powell — the chair of the federal reserve, america's central bank — will deliver his most important speech of the year. his words are known to move markets across the world. with america's annual inflation rate dipping below 3% and with signs that the jobs market is starting to weaken, mr powell is expected to lay out a road map for the future direction of us interest rates. but he'll have to choose his words carefully.
high stakes — wall street opens higher, a half—hour before fed chair jerome powell is set to give a muchnational convention with a landmark speech. and safe from harm, the band massive attack aim for a carbon—neutral festival in bristol this weekend. welcome to business today, i'm michelle fleury live from new york, where us financial markets have just opened. in half an hour, jerome powell — the chair of the federal reserve, america's central bank — will deliver his most important...
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Aug 21, 2024
08/24
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when it comes to inflation, jerome powell has copped some flakfor acting too slowly to act.think he's played this one well though? i think he has, because the hardest thing in the world is to reverse yourself, to move prematurely and to have inflation not only remain strong, but to surge even stronger. and so they've really taken the risk assessments into account and said, look, it's better that we act slowly on inflation and make sure that it's really stamped out and on its way down to our target of 2%, because we know that if the economy is really falling off the cliff, we can lower interest rates pretty quickly because we have quite a lot of range to lower rates. william lee, chief economist at the milken institute. now to an exclusive conversation. bangladesh's new central bank chief ahsan h mansur has told the bbc that taming runaway inflation and seeking more funding from the imf were his top priorities as the country gets a new interim government in place. he was speaking to nikhil inamdar in dhaka who began by asking him when interest rates could start going up. i'm
when it comes to inflation, jerome powell has copped some flakfor acting too slowly to act.think he's played this one well though? i think he has, because the hardest thing in the world is to reverse yourself, to move prematurely and to have inflation not only remain strong, but to surge even stronger. and so they've really taken the risk assessments into account and said, look, it's better that we act slowly on inflation and make sure that it's really stamped out and on its way down to our...
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Aug 31, 2024
08/24
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FOXNEWSW
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look, jerome powell has been late to the party, neil, over and over and over again. he done this earlier? why, you know, it looks strategic politically. i hope that's not the case, but he's put himself in that a position. look, he has really become the most influential person in the world related to finances. so, i mean, if we're going to go down the path of he's going to be lowering rates, trump may very well be right to make those accusations to say the timing is a little funny here. neil: yeah. you can't win. kathryn, on donald trump he has mentioned that he would like to weigh in -- i don't want to misquote him -- that a president should be able to weigh in on what the fed is doing. in other words, we have this independent fed but, of course, donald trump when he was president didn't mind mixing it up with the fed chairman, even showing his regrets that he had hired the guy in the first place for the job. what do you make of that, that the independence of the fed could be called into question? not with this decision, but with the pressure, let's say, potentially
look, jerome powell has been late to the party, neil, over and over and over again. he done this earlier? why, you know, it looks strategic politically. i hope that's not the case, but he's put himself in that a position. look, he has really become the most influential person in the world related to finances. so, i mean, if we're going to go down the path of he's going to be lowering rates, trump may very well be right to make those accusations to say the timing is a little funny here. neil:...
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Aug 24, 2024
08/24
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KPIX
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what did fed chair jerome powell say?reporter: fed chair powell said for keywords today in jackson hole, norah: the time has come. essentially confirming that a rate cut will come at that mid-september meeting, bringing down interest rates from their 23-year high. if you have been sitting on the sidelines, it would be good news if you are looking for a more affordable mortgage, car loan, and beyond. norah? >> norah: many people waiting for those interest rates to go down. jo ling kent, thank you so much. now to the tropical threat taking aim at hawaii. a tropical storm watch is in effect for the big island, with the threat of torrential rain and powerful winds. cbs's lonnie quinn is tracking it now. good evening, lonnie. >> good evening to you, norah. it is an interesting situation in the pacific ocean. we have got three storms lined up like ducks in a row, one of which is a category 2 hurricane. take a look at this graphic, the most organized system is gilma, the hurricane that's right in the middle. that's not going to
what did fed chair jerome powell say?reporter: fed chair powell said for keywords today in jackson hole, norah: the time has come. essentially confirming that a rate cut will come at that mid-september meeting, bringing down interest rates from their 23-year high. if you have been sitting on the sidelines, it would be good news if you are looking for a more affordable mortgage, car loan, and beyond. norah? >> norah: many people waiting for those interest rates to go down. jo ling kent,...
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Aug 23, 2024
08/24
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KGO
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federal reserve chief jerome powell says clearly the time has come for interest rate cuts, signaling the fight against inflation is over. what this could mean for mortgages, car loans, and credit card debt. >> reporter: tonight, releach is on the way for millions of american households. federal reserve chair jerome powell making it clear borrowers could see an interest rate cut in september for the first time in four years. >> the time has come for policy to adjust. >> reporter: the fed has hiked borrowing costs to a 23-year high to bring down inflation. that's made it more expensive to pay off credit card debt or take out car loans or a home mortgage. >> this is really down to the dollar. >> reporter: it's been a squeeze on families like ben mcduffie's in washington. >> just under $500 is what you have when you look at the budget left to spend every month? >> yeah. >> reporter: between high prices and a $30,000 pay cut in a new job, ben has been forced to put his dream of buying a home on hold. >> with interest rates going up as they have the last few months, you know, that $1,600 m
federal reserve chief jerome powell says clearly the time has come for interest rate cuts, signaling the fight against inflation is over. what this could mean for mortgages, car loans, and credit card debt. >> reporter: tonight, releach is on the way for millions of american households. federal reserve chair jerome powell making it clear borrowers could see an interest rate cut in september for the first time in four years. >> the time has come for policy to adjust. >>...
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Aug 3, 2024
08/24
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jerome powell and the federal reserve?ward? >> he will be, but i don't think he should be. the trip back down from the pandemic has been so difficult that jerome powell, more than anybody in the country perhaps, has got to try to get this right over the long term. and if he has a said that himself. he does not want to the make mistakes so that inflation comes back and damages the average person. so i think powell probably is going to separate himself from the political exigencies of the next -- paul: he's going to get it from one side if he does cut and from the ore side if he doesn't. all right -- so you might as well do the right thing. >>> when we come back, a prisoner swap frees "wall street journal" reporter evan gershkovich and other hostages. ♪ after careful review of medical guidance and research on pain relief, my recommendation is simple: every home should have salonpas. powerful yet non-addictive. targeted and long-lasting. i recommend salonpas. it's good medicine. ♪ hisamitsu ♪ all these games on directv— and n
jerome powell and the federal reserve?ward? >> he will be, but i don't think he should be. the trip back down from the pandemic has been so difficult that jerome powell, more than anybody in the country perhaps, has got to try to get this right over the long term. and if he has a said that himself. he does not want to the make mistakes so that inflation comes back and damages the average person. so i think powell probably is going to separate himself from the political exigencies of the...
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Aug 23, 2024
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federal reserve chair jerome powell indicates that interest rate cuts are coming at the feds septemberting and the deponent of justice has filed an antitrust case against the company that makes software used by competing landlords. and it could bring down rental prices. cbs news cbs news senior business and tech correspondent jo ling kent is covering it all. >> everybody knows the rent is to damn high. >> reporter: the today the justice department in eight states sued software company will open a mike realpage suggesting it illegally help plan landlords unfairly fix prices and raise rents throughout the country. >> and americans should not have to pay more in rent simply because a company has found a new way to scheme with landlords to break the law. >> reporter: the doj accused the texas-based company of violating antitrust laws, saying realpage engaged in price-fixing by using confidential information like rental rates in its algorithm that tended to maximize price increases on 3 million properties. >> realpage has found a modern way to violate a century-old l law. and to harm consum
federal reserve chair jerome powell indicates that interest rate cuts are coming at the feds septemberting and the deponent of justice has filed an antitrust case against the company that makes software used by competing landlords. and it could bring down rental prices. cbs news cbs news senior business and tech correspondent jo ling kent is covering it all. >> everybody knows the rent is to damn high. >> reporter: the today the justice department in eight states sued software...
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Aug 26, 2024
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let's begin in the united states, where federal reserve boss jerome powell has made his much—anticipatedontinues to grow at a solid pace with inflation and jobs data supporting a rate cut. the up—side risks to inflation have diminished, and the down—side risks to employment have increased. as we highlighted in our last fomc statement, we are attentive to the risks to both sides of our dual mandate. the time has come for policy to adjust. the direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks. us stock markets edged higher on friday on powell's remarks. investors widely expect a rate cut in september, and some believe the fed will keep cutting rates through the end of the year and into 2025. pushan dutt, professor of economics and political science
let's begin in the united states, where federal reserve boss jerome powell has made his much—anticipatedontinues to grow at a solid pace with inflation and jobs data supporting a rate cut. the up—side risks to inflation have diminished, and the down—side risks to employment have increased. as we highlighted in our last fomc statement, we are attentive to the risks to both sides of our dual mandate. the time has come for policy to adjust. the direction of travel is clear, and the timing...
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Aug 23, 2024
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so the big declines clearly are still ahead of us. >> and wind to jerome powell say that now is the time. what indicators that they've been looking at to decide that this is the direction they should take the economy now. >> well, a couple of things. the fed is focused on inflation and the economy, particularly the labor markets. inflation has been coming down over the past several months. we did have a a look upward early this year, but they did. inflation rate has been coming off more recently. there have been growing signs of softening in labor market, not a collapse, but enough of a softening to just reinforce the fed to you. but those cuts are at hand. >> we've heard the term soft landing a lot in the news, you know, with the inflation so high, china, you know, jack up the rates in and it's a balancing act and you have to land that plane. how is the economy and your estimation as a whole? do you see a recession? >> as a likely scenario, unlikely scenario. >> we're keeping our fingers crossed. we continue forecast model, one moderate economic slowdown, avoiding a recession. we think
so the big declines clearly are still ahead of us. >> and wind to jerome powell say that now is the time. what indicators that they've been looking at to decide that this is the direction they should take the economy now. >> well, a couple of things. the fed is focused on inflation and the economy, particularly the labor markets. inflation has been coming down over the past several months. we did have a a look upward early this year, but they did. inflation rate has been coming off...