Listen: New York, Warren Levinson, President Trump discussed on Michael Medved
"Straight. Warren Levinson reports the Federal Reserve Board voted nine to nothing on the latest increase the third quarter percent boost in a key interest rate this year, the federal funds rate the interest rate that banks charge each other. Now stands at a range of two to two and a quarter percent, that's low by historical standards. But for seven years after the two thousand eight economic collapse, the central Bank kept rates at near zero. In the statement accompanying the move the board removed align that said it's interest rate hikes were tool to support a strong job market and keep inflation to two percent removal of that sentence indicates. The fed believes those goals were insight. Warren Levinson, New York. Meanwhile, we'll see what that hike does sales of new US homes climbed three point five percent. In august. The Commerce Department says newly built home sold at a seasonally adjusted annual rate of six hundred twenty nine thousand last month. Sales of new homes have advanced six point nine percent. This year the sales gains mostly came from forty seven point eight percent jump in the northeast and a nine point one percent increase in the west. New home sales edged up in the mid west and fell in the south Jeremy house reporting. The average sales price has risen five point two percent from a year ago. Two three hundred eighty eight thousand four hundred President Trump says he and Japanese Prime minister Shinzo Albay have agreed to open trade talks between their countries the two met on the sidelines of the UN general assembly session in New York. And President Trump is fat is set to speak excuse me from New York evening at five eastern time in about an hour. Senate Republicans are bringing in a prosecutor who specializes in carefully."