From Washington: Americans Wishing For A "Soft Landing" This Holiday Season

The Fox News Rundown

FOX News Podcasts

News, Daily News, Politics

3.4 • 1.7K Ratings

🗓️ 25 November 2023

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Federal Reserve is holding off on rate hikes as they monitor inflation, which has gradually steadied over previous months. Many experts believe a "soft landing" for the economy is becoming more likely, but recession worries remain. Managing Director and Senior Portfolio Manager at UBS Jason Katz joins to discuss the economic factors the Fed is focused on, what consumer spending tells us about the economic climate, and if further rate hikes could be coming in the future. President Biden spared two lucky turkeys from the Thanksgiving table this week as he presided over the 76th annual Presidential Turkey Pardon. President and CEO of the National Turkey Federation Joel Brandenberger joins to discuss the history of the decades-old tradition, from the first official pardon in 1947 by President Truman, to President Biden's pardon of this year's turkeys, Liberty and Bell. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:26.2	investment and you should not expect to be protected if something goes wrong
0:36.6	Saturday November Saturday, November 25th, 2023. I'm Jessica Rosenthal.
0:38.2	What will Holiday shopping numbers tell us about the economy,
0:41.4	as the Fed's restrictive monetary policy is gauging everything
0:44.3	from the labor market to the housing market to war overseas.
0:48.2	The Fed has a credibility issue.
0:50.9	They got the transitory call so wrong that they could ill afford to make another
0:56.5	policy mistake. I'm Jared Halpern. We go behind the scenes of the annual turkey parking.
1:03.6	They stay in a suite at the hotel, Wellard,
1:06.8	just in it looks like any other room that you would have there.
1:09.8	This is the Fox News rundown from Washington.
1:13.0	The latest consumer price index numbers for October came in at 3.2% down from 3.7% in September.
1:29.0	That's not far off from the Fed's goal of 2% inflation, but it's far enough away that the Federal
1:34.2	Reserve indicated in its meeting minutes from three weeks ago that there are no
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