Economic Shifts: Fed Rate Cuts, Harris’s Wealth Plans, and Gold’s Surge

In this episode, we explore the latest economic developments, including Minneapolis Fed President Neel Kashkari's cautious approach to interest rate cuts, Vice President Kamala Harris's upcoming wealth creation proposals, and the People's Bank of China's recent rate reduction amid economic slowdown. We also discuss gold reaching a record high as markets await critical US economic data. Join us for an in-depth analysis of how these factors are shaping the economic landscape and what they mean for everyday Americans.

Sources:
https://www.cnbc.com/2024/09/23/minneapolis-fed-president-kashkari-sees-slower-pace-of-rate-cuts-ahead.html
https://www.telegraph.co.uk/us/politics/2024/09/23/kamala-harris-to-release-new-economic-proposals-this-week/
https://www.kaohooninternational.com/economics/544863
https://news.az/news/gold-reaches-record-high-as-markets-await-key-us-economic-data

Outline:
(00:00:00) Introduction
(00:00:42) Minneapolis Fed President Kashkari sees a slower pace of rate cuts ahead
(00:02:56) Harris to release new economic proposals this week on US wealth creation, say sources
(00:06:22) PBOC Lowers Short-Term Policy Rate Amid Deepening Economic Slowdown
(00:09:09) Gold reaches record high as markets await key US economic data