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NPR News Now

NPR News: 09-18-2024 5PM EDT

NPR News Now

NPR

News, Daily News

4.214.3K Ratings

🗓️ 18 September 2024

⏱️ 5 minutes

🧾️ Download transcript

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NPR News: 09-18-2024 5PM EDT

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Transcript

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0:00.0

Summer is over. You're spending more time in traffic and the calendar is more full than ever.

0:06.0

There is also a presidential election to keep track of.

0:09.0

But fear not, NPR's Daily News Podcast, consider this, can keep you up to date on the election and all of the other

0:15.8

important things happening in the world.

0:18.4

Listen to Consider This wherever you get your podcasts. Live from NPR News in Washington, I'm Jack Spear.

0:29.4

What some are labeling a jumbo sized interest rate cut by the Federal Reserve, the Fed moving to slash

0:36.0

short-term interest rate targets by half a percent, something investors were increasingly

0:41.1

expecting amid concerns about a slowing jobs market. were increasingly Jerome Powell and other policy makers. Inflation has been improving significantly.

0:55.0

Interest rates have been already, the market's taking it down for them.

0:58.0

But employment was the big one, and it's starting to look pretty soft,

1:02.0

and this is what Jerome Powell wants to head off

1:04.3

cut off at the past so those are the key factors in determining whether you go the full

1:08.8

half percent market reaction was fairly muted the Fed move will start to lead to lower borrowing costs for consumers.

1:15.0

Speaking at the end of today's meeting, Powell said the U.S. economy is in a good place.

1:19.0

Adding our decision to today is designed to keep it there.

1:23.2

For a second day, communication devices belonging to members of Hezbollah exploded in Lebanon and

1:28.1

Syria since yesterday more than two dozen people have died, thousands have been hurt.

1:33.1

Hezbollah blames Israel.

1:35.0

MPRs Michelle Kellman report Secretary of State

1:37.2

Anthony Blinken's been visiting Egypt whose governments

1:39.6

warn the Middle East is on the brink of a regional war.

1:42.0

Secretary of State Anthony Blinkinkin has spent months trying to prevent a regional war

...

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