Hang on just one second. Steve Leeman's made his way uh out of the room and we'll come back with Jeffrey of course in just a minute. Um so Steve, as as you uh read the statement and you heard the Fed chair and then of course you asked your question, is the biggest story today the massive disagreement as we've termed it over the outlook for the remainder of 25.Is that the biggest takeaway among others. >> Well, Scott, let me correct you. The correct uh economic term for disagreement on the Federal Reserve is ...

Group 1: Federal Reserve Actions and Economic Outlook - The FOMC voted 11-1 to cut the federal funds target range by -25 basis points to 4.00%-4.25% and indicated downside risks to employment have increased while inflation remains elevated [3] - The Fed's dot plot projects the fed funds target at 3.625% by the end of 2025, signaling another -50 basis points of rate cuts this year, with a target range of 3.375% for the end of 2026 [3] - The FOMC raised its 2025 US GDP estimate to +1.6% from +1.4% and maintained its core PCE inflation estimate at +3.1%, which is above the Fed's target of 2% [4] Group 2: Labor Market and Inflation Insights - Fed Chair Powell noted that revised job numbers indicate the labor market is no longer solid, and the Fed's interest rate cuts aim to achieve a more neutral position to support the labor market [5] - Powell also mentioned that higher goods prices are contributing to inflation and are expected to continue rising into next year [5] Group 3: Currency Market Reactions - The dollar index rose by +0.22% after recovering from a 3.5-year low, initially retreating after the FOMC's rate cut announcement but rebounding on hawkish comments from Fed Chair Powell [1] - Concerns over Fed independence may undermine the dollar, as potential political actions could lead foreign investors to divest from dollar assets [6] Group 4: Housing Market Data - In August, US housing starts fell -8.5% month-over-month to 1.307 million, below expectations of 1.365 million [2] - Building permits also unexpectedly declined by -3.7% month-over-month to a 5.25-year low of 1.312 million, contrary to expectations of an increase to 1.370 million [2]

Group 1 - The U.S. Federal Reserve announced a quarter percentage point cut in interest rates, the first since December, due to a softening labor market [1] - The Fed projected two additional rate cuts in 2025, with the benchmark rate expected to be in the range of 3.50% to 3.75% by year-end [1] - The Dow Jones Industrial Average increased by 465 points following the announcement, while the tech-heavy Nasdaq and S&P indexes experienced declines, indicating mixed market reactions [2] Group 2 - Media stocks showed positive performance, with Paramount, Disney, Comcast, TKO, and Lionsgate up by 1%, and Warner Bros. Discovery and Netflix trading up by 2% [3] - Fox's stock increased by 3%, while Snap, Charter, and Sinclair saw gains of 4% [3] - The Federal Reserve's statement highlighted a moderation in economic activity growth, with slowed job gains and a slight increase in the unemployment rate, although it remains low [5]

Market Performance - Major U.S. stock indexes are showing mixed performance, with the Dow up by 280.79 points (0.6%) at 46,038.69, while the S&P 500 is down by 8.10 points (0.1%) at 6,598.66, and the Nasdaq down by 119.66 points (0.5%) at 22,214.30 [1] - The Dow's gains are attributed to strong performances from American Express (AXP) and Walmart (WMT), while Nvidia (NVDA) is down by 2.7% due to a ban on its AI chips by China's internet regulator [2] Federal Reserve Outlook - Traders are anticipating the Federal Reserve's monetary policy announcement, with expectations of a 25 basis points rate cut [3] - The CME Group's FedWatch Tool indicates a 95.8% chance of a quarter-point rate cut, with expectations for further cuts in October and December [4] Sector Performance - Airline stocks are performing well, with the NYSE Arca Airline Index climbing by 1.6%, and telecom stocks also showing strength with a 1.3% gain in the NYSE Arca North American Telecom Index [5] - Other sectors such as banking, pharmaceuticals, and housing are experiencing some strength, although buying interest is subdued [5] International Markets - In the Asia-Pacific region, stock markets are mixed, with Japan's Nikkei 225 Index down by 0.3%, China's Shanghai Composite Index up by 0.4%, and Hong Kong's Hang Seng Index up by 1.8% [5] - European markets are also mixed, with the French CAC 40 Index down by 0.3%, while the German DAX Index is up by 0.1% and the U.K.'s FTSE 100 Index is up by 0.2% [6]

What happens if the Fed cuts rates today? Predictions below 🇺🇸👇 https://t.co/k9eAiOgAP4 ...

With all of the confrontation and drama that has surrounded this meeting. They're behind closed doors now. Culturally speaking, can the Fed handle this.I think that the Fed has been put in an unprecedented situation. That said, as you alluded to, we pretty much think we know what's going to happen with the interest rate decision. The Fed has been signaling for quite some time that they were seeing interest rate cuts on the horizon, but not yet.I think markets and the signals we've been getting from various ...

The Federal Reserve will announce its decision on interest rate cuts this afternoon. ...

Czech policymakers shouldn’t stimulate the economy with more interest rate cuts as persistent inflation risks require cautious steps, a senior central banker said. https://t.co/AQ5t8alEjH ...

Corporate Sector Focus - U.S. corporate sectors sensitive to interest rates are in focus as the Federal Reserve is poised to lower borrowing costs for the first time this year, following hints from Chair Jerome Powell [1][2] - Traders have priced in a 25 basis points rate cut and expect two more cuts by the end of 2025, contributing to record highs in U.S. stock markets, particularly in technology and bank stocks [2] Small Caps - Small-cap companies rely heavily on external borrowing, and lower borrowing costs will increase their available capital, allowing them to refinance existing debt more cheaply [3] - The Russell 2000 small cap index has rallied over 5% since Powell's comments on August 22, although it remains below its record high from November 2021 [4] Banks - The banking sector faces a complex situation; while lenders benefit from rising interest rates, increased competition for deposits may lead to higher funding costs, impacting profits [5] - The spread between two-year and 10-year Treasury notes reached its steepest since April but has reversed some gains recently due to soft labor market data [6] - The KBW regional banking index has gained about 1.4% since Powell's dovish comments, while the S&P 500 banks index has increased nearly 5% [6] Growth Stocks - Interest rate cuts are expected to boost growth and technology stocks, as lower rates enhance the present value of future earnings, benefiting companies anticipated to grow at an above-average rate [7]

The National Association of Home Builders (NAHB) CEO Jim Tobin discusses the latest homebuilder confidence data and weighs in on reports that President Trump could declare a US housing emergency. The Federal Reserve has started its September meeting, with new Governor Stephen Miran joining the conversations. Yahoo Finance senior Fed reporter Jennifer Schonberger reports on what Miran's addition to the Fed Board could mean for the future of interest rate cuts. For more Market Domination videos, please visit: ...