NBC News - Meet the Press NOW — Dec 18
The Federal Reserve announced its third interest rate cut of the year, aiming to address inflation and a cooling labor market. This decision led to a significant drop in stock markets, as investors were disappointed by the lack of more aggressive rate cuts. The economic outlook remains uncertain, especially with President-elect Trump's proposed policies, including tariffs on major trading partners and immigration reforms. These policies could increase costs for Americans, despite Trump's campaign promises to lower prices. The political landscape is also tense, with internal conflicts among Republicans over a government funding bill and potential investigations into political figures like Liz Cheney. The situation is further complicated by external factors, such as Ukraine's military actions and the U.S. response to them.
Key Points:
- The Federal Reserve cut interest rates for the third time this year, but markets reacted negatively due to unmet expectations for more aggressive cuts.
- President-elect Trump's proposed tariffs and immigration policies could raise costs for Americans, despite his promises to lower prices.
- Internal Republican conflicts are emerging over a government funding bill, with figures like Elon Musk and Trump influencing the debate.
- The U.S. is distancing itself from Ukraine's assassination of a Russian general, highlighting tensions in international relations.
- Political tensions are high with potential investigations into figures like Liz Cheney and challenges in passing government funding legislation.