Monetary Policy Stance - The Federal Reserve (Fed) was in a wait-and-see mode regarding the impact of tariffs, but recent data suggests a muted impact, potentially leading to rate cuts [2] - The Fed perceives no signs of tariffs causing inflation expectations to become unanchored, viewing it as a one-off event rather than an ongoing inflationary cycle [3] - The speaker suggests Chair Powell is ready to start moving in September [3] - There was a debate within the committee about the luxury of waiting longer, possibly influenced by the August 1st payroll report [4] Inflation and Tariffs - Data suggests a more muted inflation impulse from tariffs, with some tariffs being negotiated down [5][6] - The initial tariff concerns from April, anticipating widespread increases of 20-30%, have subsided [6] - The slower impact of tariffs over time makes the Fed more comfortable that inflation expectations will remain anchored [7] Inflation Expectations - Inflation expectations are considered crucial in monetary policy, but the right measure is unclear, with options including Treasury Inflation Protected Securities (TIPS), consumer surveys, and business surveys [9] - The Fed has wiggle room in choosing which inflation measure to emphasize [10] - Despite past concerns about transitory inflation, people continue to believe the Fed regarding inflation expectations [10][11] Labor Market - Revised data suggests the labor market has been weakening [2][7] - Weakening labor market data supports the idea of bringing rates down [7]

Dallas really is a place where the American dream is still very much alive and well and it's not rhetoric like we really are a place where people can come who are not from here. We welcome outsiders. It's a place that that really embraces energy and and hard work that can do spirit we have.When we see in other folks we embrace it. >> How long will it take for Dallas to win as a financial center. >> I think we're winning. I really think we're winning now with the growth there.There are still people that have ...

Welcome back. We're watching some big moves in the housing space. Diana Olic is here with more on that.Hi, Diana. Hey, Mike. Yeah, for builders, it's all about the mortgage rates. And today, it's the potential for even lower mortgage rates that has the stocks rallying.The average rate on the 30-year fix fell to 65.55% this morning, according to Mortgage News Daily. That's the lowest since October. Now, it has been on the lower side all month, but really struggling to break out over the last few weeks.Today' ...

Let's now bring in uh the Wharton School professor of finance and wisdom tree senior economist, Professor Jeremy Seagull. Professor Seagull, it's great to have you here. What do you make of just the emphatic nature of the the market response both equities and bonds and you know especially I mean I look at this I look at the the massive breath I look at the moves in the cyclical parts of the market and the lower quality stuff.It's almost as if this is early cycle and we've been in you know a growth scare or ...

He's removing his tariffs. Yeah, he's he's removing his retaliatory tariffs, which I thought was nice. And we're going to have another call soon.Yeah, we had a very good call. >> You're getting closer and towards trade. >> I like them.You know, look, I'm fighting for the United States, Canada, and Mexico taking a lot of our business over the years, over 25, 30 years, especially during the Biden years. They took a lot of our business, and it's basically all coming back into the United States now. Well, hot a ...

It's the bottom of the hour on NBC News Daily and there is major breaking news in the Jeffrey Epstein case. The Justice Department has just released transcripts and audio from interviews it conducted with Epstein's accomplice Gain Maxwell. The major headline here, Maxwell told the Deputy Attorney General, quote, I never witnessed President Trump in any inappropriate setting in any way.End quote. Maxwell also added when asked about the existence of a so-called client list, she said there is no list. She also ...

More breaking news on this Friday afternoon. Kilmar Abrego Garcia, the man who the Trump administration admitted was wrongfully deported to El Salvador, has just been released from federal custody. This is video of him walking out of the detention center in Tennessee where he had been held.Abrego has become one of the faces of President Trump's national immigration crackdown. NBC News legal affairs reporter Gary Grumbach joins me now. So Gary, walk us through how we got here and why was he released today.So ...

SAYING TO HOLD THE STOCK. BUT YOU ARE LOOKING AT A NAME THAT NONE OF US KNOW, APPLE. WHAT IS GOING ON.[LAUGHTER] DENITSA: APPLE IS IN EARLY DISCUSSIONS ABOUT USING GOOGLE GEMINI TO POWER A REVAMPED VERSION OF SYRIAN. --A REVAMPED VERSION OF SIRI. IT SEEMS LIKE THIS HAS BEEN UNDERWAY FOR QUITE SOME TIME.THIS IS A KEY POTENTIAL STEP TOWARD OUTSOURCING MORE OF ITS ARTIFICIAL INTELLIGENCE. WE ARE SEEING POSITIVE REACTION FROM GOOGLE AND APPLE. THE TICKER IS OF COURSE APPL AND THE STOCK IS UP 1.5%.GOOGLE HAS STA ...

Watch as SpaceX lands Falcon 9 after landing USSF-36 (OTV-8) to low-Earth orbit from LC-39A, Kennedy Space Centre in Florida. Join our community Discord! https://discord.com/invite/xCm9UpDPE4 This coverage is made possible by our amazing community! Consider becoming a The Launch Pad Member and go behind the scenes with early video access, behind the scenes live streams and more! SUBSCRIBE to The Launch Pad! https://www.youtube.com/@TheLaunchPad SUBSCRIBE to TLP Space News! https://www.youtube.com/@thelaunch ...

Watch as SpaceX launches USSF-36 (OTV-8) aboard Falcon 9, to low-Earth orbit from LC-39A, Kennedy Space Centre in Florida. This mission will be carrying the US Space Force X-37B Space Plane to include demonstrations of high-bandwidth inter-satellite laser comuniacations technologies and enhanced space navigation using the highest performing quantum inertial sensor in space. Join our community Discord! https://discord.com/invite/xCm9UpDPE4 This coverage is made possible by our amazing community! Consider bec ...