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The Pour Over: Politically Neutral, Christ-First News

Friday, June 16, 2023

The Pour Over: Politically Neutral, Christ-First News

The Pour Over

Daily News, Christianity, Religion & Spirituality, News

4.94.6K Ratings

🗓️ 16 June 2023

⏱️ 8 minutes

🧾️ Download transcript

Summary

Today, we’re talking about the Federal Reserve’s hiking break, the latest on Ukraine’s counteroffensive, an antitrust lawsuit against Google, and other top news for Friday, June 16th. Stay informed while remaining focused on Christ with The Pour Over. Sponsored by The End of the Road podcast - available anywhere you listen to podcasts

Transcript

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0:00.0

Today, we're talking about the Federal Reserve not raising rates, bringing you the latest

0:06.4

from Ukraine, an antitrust suit against Google, and other top news for Friday, June 16th.

0:12.6

Stay informed while remaining focused on Christ with the poor over.

0:15.9

Here's the quote of the day.

0:17.9

You cannot put straight in others what is warped in yourself, St. Athanasius of Alexandria.

0:25.1

Let's start with some espresso shots.

0:29.8

Federal Reserve chair Jerome Powell finally took off his hiking boots.

0:33.9

After 15 months and 10 consecutive votes to raise interest rates, Federal Reserve officials

0:38.7

voted unanimously Wednesday to maintain current rates.

0:42.6

The decision was widely expected after recent data from the Bureau of Labor Statistics

0:47.3

showed annual inflation slowed to 4% in May, marking the 11th consecutive month of decline.

0:53.5

Still, the Fed hasn't thrown out the hiking poles altogether.

0:57.6

Just set them down.

0:59.1

Fed officials expect two more hikes by the end of 2023 to hopefully bring inflation

1:03.8

down closer to its target of 2%.

1:06.9

Even a pause from the rate hikes was enough for investors to break out their party hats.

1:11.2

Yesterday, the Dow Jones climbed 400 points, and the S&P 500 hit a fresh 13-month high.

1:19.0

Whether the economy soars or collapses, God will still be God, and He will remain in control.

1:24.8

Jesus is our rock no matter what happens to interest rates or the stock market.

1:29.4

Matthew 7 verse 24 says,

1:31.6

"'Therefore, everyone who hears these words of mine and puts them into practice is like

1:36.2

a wise man who built his house on the rock.'"

...

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