Fed Cuts Rates, Explosions in Lebanon, Teamsters Non-Endorsement, & More | 09.20.24
The Pour Over: Politically Neutral, Christ-First News
The Pour Over
4.9 • 4.6K Ratings
🗓️ 20 September 2024
⏱️ 10 minutes
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| 0:00.0 | Today's episode is brought to you by our lead sponsor, Crew. |
| 0:03.4 | Today we're talking about the Federal Reserve cutting interest rates. |
| 0:09.5 | Walkie Talkie's exploding in Lebanon. |
| 0:12.1 | The Teamsters Union declining to endorse either presidential |
| 0:15.0 | candidate and other top news for Friday, September 20th. |
| 0:19.6 | Stay informed while remaining focused on Christ with the poor over today. |
| 0:23.0 | Here's the quote of the day. |
| 0:25.0 | A Pharisee is hard on others and easy on himself, |
| 0:28.0 | but a spiritual man is easy on others and hard on himself. |
| 0:32.0 | A. W. Tozer. is easy on others and hard on himself. |
| 0:32.8 | A. W. Tozer. |
| 0:37.2 | Let's get started with some espresso shots. |
| 0:39.1 | The Fed finally did the thing and they went big. |
| 0:45.0 | On Wednesday, the nation's banker announced its first interest rate cut in four years, |
| 0:50.0 | slashing rates by a larger than normal half percentage point to around 4.9% down from its decade high of around 5.3%. |
| 0:58.0 | The cut indicates the Fed is turning the page on Uncle Sam's soaring inflation era, the reason for rate hikes in |
| 1:04.2 | 2022 and 2023, and is now more worried about keeping the job market strong and avoiding |
| 1:10.0 | a recession. |
| 1:11.6 | Lower borrowing costs should spur spending and economic growth. |
| 1:16.6 | Mortgage rates have been falling in anticipation of Wednesday's cut, and credit card rates should |
| 1:21.5 | soon follow. |
| 1:23.3 | The big cut spurred a stock market rally sending the S&P 500 and Dow to record highs. |
... |
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