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WSJ What’s News

The Fed’s Dilemma Ahead of Its Next Interest Rates Meeting

WSJ What’s News

The Wall Street Journal

Daily News, News

4.14.2K Ratings

🗓️ 13 September 2024

⏱️ 13 minutes

🧾️ Download transcript

Summary

P.M. Edition for Sept. 13. The Wall Street Journal’s Nick Timiraos discusses how the Federal Reserve is weighing the numbers ahead of its meeting next week. And the Biden administration takes aim at China-based retailers like Shein and Temu. The Journal’s Richard Vanderford on what the U.S. plans to do. Plus, WSJ Germany bureau chief Bertrand Benoit talks about the painful choice European governments have to make: increase spending on defense without cutting social programs. Tracie Hunte hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

What is dedication? People ask how your children learn how to ride a bike and you didn't.

0:05.0

I just created an environment when they taught themselves and all I had to do is be there.

0:08.5

That's dedication.

0:10.0

Visit fatherhood.gov to hear more brought to you byS. Department of Health and Human Services and the Ad Council.

0:17.0

Biden takes aim at Chinese retailers like Sheehan andammu with a trade crackdown and what the Fed might

0:25.7

consider before making an interest rate cut decision next week.

0:29.2

This is shaping up to be a close call between a quarter point and a half point. So I think there's more

0:34.3

suspense than normal here. Plus, European leaders struggle to balance defense spending

0:40.3

and social programs. It's Friday, September 13th, I'm Tracy Hunt for the Wall Street Journal.

0:46.2

This is the PM edition of What's News, the top headlines and business stories

0:50.4

that move the world today. that $12 dress from she in or that $3 handbag from Temu is about to get

1:00.4

pricier. The Biden administration announced today that it's moving to

1:04.0

close what many bipartisan critics call a loophole that allows China founded retailers

1:09.0

like Xian and Temu to more easily ship goods to the United States.

1:13.6

Call the de minimis exemption.

1:15.7

It allows shipments valued at $800 or less

1:18.5

to enter the US without duty and with little scrutiny.

1:22.1

It was originally intended to allow people to more easily. and with

1:25.0

souvenirs. But the U.S. has seen the number of

1:28.0

with souvenirs.

1:29.0

But the U.S. has seen the number of packages

1:32.0

entering via the exemption grow to more than $1 billion a year, mostly

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