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COMING UP:Share Opener Variant 3

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Transcript

00:00:00
Wall Street is cheerleading for it president trump is pounding the table for two and even former federal reserve chair Janet Yellen is on board I'm talking about a rate cut by the federal reserve and the fed is not expected to disappoint policy makers are seen cutting rates for the first time in over a decade after a two day meeting that begins Tuesday lowering rates by a quarter point will be the best way of taking out an insurance policy against a further weakening of the economy says Reuters economic and financial markets editor Dan burns what has changed for the fed %HESITATION since the beginning of may is this building sentiment within the business community really around the trump administration's trade policies and all the uncertainty that has unfolded first with the increase on terror freights on the Chinese on Chinese products then with using tariffs against the Mexicans are for non economic reasons all that boiled up into %HESITATION some concerns from businesses that are really filtering up to the feds years that negative chatter reaching all the way to fed chairman Jerome Powell a former Wall Street guy with a lot of contacts in the business world corporations are so scared business spending rose during the spring months leading to the first quarterly downturn in business investment in more than three years but not all economic signals are as bleak consumer spending which makes up the bulk of US economic activity is solid unemployment is that a fifty year low and hiring hasn't faltered there are voices within the fad %HESITATION who are yet to be convinced that there's a case to make a move right now on but by and large the outlook generally among economists is cooling balm and most , most not all but most seem to agree that a bit of easing right now would be at least a signal to the markets to two business decision makers that the fed is ready to take even more action if warranted a signal that's likely to come by way of a mere quarter point rate cut instead of the steep drop in rates and demanded by the White House as for asset prices