Could the Federal Reserve's plan to cut interest rates prevent a recession? This week on Weekly Business Brief, we break down insights from Federal Reserve Chair Jerome Powell. With inflation stabilizing and June’s prices dropping, Powell suggests cutting rates. We'll explore how this might affect the market and why acting now is crucial. Plus, as a real estate professional, I'll share how these changes could help the housing market, a must-listen for investors and homeowners.
In another part, we dive into how US interest rates, China’s economy, and oil prices interact. What do Saudi Arabia and Russia's production cuts mean for global oil and your wallet at the pump?
Lastly, we discuss the nation’s reaction to the recent events involving Donald Trump, with Joe Biden urging unity and the FBI's latest updates. Tune in for expert insights on today’s big economic topics.
This episode is brought to you by Premier Ridge Capital.
Sign Up for our Newsletter and get our FREE E-Book where you'll learn everything you need to know about creating financial freedom through multifamily syndication.
This episode is brought to you by Premier Ridge Capital. Build Generational Wealth As A Passive Investor In Multifamily Real Estate Syndication! Visit www.premierridgecapital.com to find out more.
Could the Federal Reserve's plan to cut interest rates prevent a recession? This week on Weekly Business Brief, we break down insights from Federal Reserve Chair Jerome Powell. With inflation stabilizing and June’s prices dropping, Powell suggests cutting rates. We'll explore how this might affect the market and why acting now is crucial. Plus, as a real estate professional, I'll share how these changes could help the housing market, a must-listen for investors and homeowners.
In another part, we dive into how US interest rates, China’s economy, and oil prices interact. What do Saudi Arabia and Russia's production cuts mean for global oil and your wallet at the pump?
Lastly, we discuss the nation’s reaction to the recent events involving Donald Trump, with Joe Biden urging unity and the FBI's latest updates. Tune in for expert insights on today’s big economic topics.
This episode is brought to you by Premier Ridge Capital.
Sign Up for our Newsletter and get our FREE E-Book where you'll learn everything you need to know about creating financial freedom through multifamily syndication.
This episode is brought to you by Premier Ridge Capital. Build Generational Wealth As A Passive Investor In Multifamily Real Estate Syndication! Visit www.premierridgecapital.com to find out more.
Today is July 17th, 2024, and here are the top three headlines in this week's Weekly Business Brief. Fed Powell Gives Hope for Rate Cuts. Federal Reserve Chair Jerome Powell says recent inflation numbers show that price increases are stabilizing towards the Fed's target, hinting that interest rate cuts might be coming soon. Targets hinting that interest rate cuts might be coming soon. In the second quarter, consumer price rose at a steadily 2.1% rate, excluding food and energy, and Pyrrha sees this as progress. This shift could mean the Fed will feel more comfortable easing up on the strict policies. The Labor Department also noted a rare decline in CPI for June, further boosting confidence. Pirate believes the economy is balancing out, with inflation around 2.5% and a low unemployment of 4.1%. This balance is crucial for the Fed to achieve its goal of stable prices and full employment. Investors are now betting on rate cuts starting in September, with more cuts expected by the end of the year. Powell emphasizes his commitment to serving his full term as Fed chair until 2026, signaling steady leadership during these economic adjustments. During these economic adjustments, I believe that the Fed chair and the Fed board need to lower rates this year because if they don't, historically the Feds, if they wait too long, it could be way after we're deeply in trouble or in a deep recession, and it can cause further damage. It's important that the Fed chair, jay Powell, indeed does cut rates. At least a quarter signals to the market that he is wanting to stimulate the economy again. I believe that this is good. I think it's good. I'm a real estate guy so I'm a little bit biased here. I will share that with you.
Speaker 1:
Next up is the air market on the break. Here's how the US interest rates and China are shaking things up. Oil prices have dropped slightly due to concerns about economic shutdowns in China and potential increases in the US interest rates. China's economic recovery isn't meeting expectations, leading to worries about future oil demand. This, combined with a stronger US dollar, has made oil more expensive for buyers using other currencies, further dampening demand. On the supply side, saudi Arabia and Russia have cut oil production, which might lead to higher prices later in the year.
Speaker 1:
This is our employment. Saudi Arabia did this last year. They cut production guys to increase the consumer cost of oil. This is what happened last year. They did this and they're doing it again. It's simple supply and demand. They're controlling the markets and it's just.
Speaker 1:
It's crazy how our current administration or the US government, regardless of the administration. We are the richest oil country in the world. We have more oil than any other country, believe it or not, in our own land, and yet we don't want to drill right and we let these guys overseas control the costs by cutting production. So now, when they cut production, the price per barrel goes up and you and I wind up paying more at the pump and to heat up our homes in the winter. Additionally, us interest rates continue to be a major factor. Higher interest rates can slow down economic growth, reducing demand for oil. Meanwhile, recent US economic data has led to speculation that the Federal Reserve may not be done with rate hikes. I disagree with this article completely because the Fed, jay Powell, just said, as I said a moment ago, that they are hopefully happy with the direction things are going and I think that they will be cutting rates here soon. Despite these challenges, the oil market remains tight, with supply constraints potentially supporting prices in the future.
Speaker 1:
And in this week's Biden Watch, here's Biden's emotional response to the recent Trump shooting. President Joe Biden addressed the nation after an attempt assassination on former President Donald Trump at a rally in Pennsylvania. Biden expressed relief that Trump's is recovering and offered condolences to the family of Corey Campitatori, who tragically lost his life protecting others during this shooting. The Secret Service swiftly responded, neutralizing the shooter who had opened fire outside the rally, leaving several others injured. Biden condemned the violence, emphasizing that such acts go against American values. He highlighted the ongoing FBI investigation into the shooter's motives and urged patience in letting law enforcement complete their work. Emphasizing unity, biden underscored the importance of coming together as a nation during such challenging times. In an upcoming MFFs address, biden plans to speak further on the incident, emphasizing the need to uphold national unity amidst the ongoing investigation and recovery efforts.
Speaker 1:
So you know there's a lot of people out there saying that this was staged and all this craziness. Guys, a human being lost his life. Forget about political parties, forget about all of that. A human being lost his life. An innocent bystander lost his life protecting his daughter. So Corey actually lost his life, this gentleman. May he rest in peace. Regardless of what your political views are left, right, mid center doesn't matter. This is absolutely wrong. I do agree with President Biden. This is wrong. It goes against American values. It doesn't align with what America is. Just because we have different stance on political views doesn't mean we have the right to take anyone's life or attempt to take anyone's life. As a country, we need to take a stance, we need to be praying for each other, for our country and unity. Guys, and this has been your weekly business brief. I'll see you guys next week. Peace out.
