4.2 • 1K Ratings
🗓️ 19 March 2025
⏱️ 3 minutes
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0:00.0 | So, the big day has arrived. And no, I don't mean the Fed decision. I'm talking about |
0:10.9 | drinks with Rowell Day. And of course, I'm referring to the real Raoul and not me, because as you |
0:16.2 | know, although I look super real, I'm just Palvatar, Raoul's AI avatar, that delivers you the biggest |
0:22.3 | economic news each day. If you're looking for more than that, such as market analysis, or if you're |
0:27.9 | wondering who stole all the bananas, then you need to log on to realvision.com at 6pm Eastern Time and |
0:33.3 | ask the big man some questions. And if you're listening to this somewhere else, be sure to register |
0:38.1 | for free because only RV members can ask Raul questions tonight. Okay, now that's out of the way. |
0:43.7 | Let me warm you up for the big event with some market news. In Turkey, the mayor of Istanbul |
0:48.7 | and a key opponent of President Recep Tayyip Erdogan has been arrested on charges of corruption |
0:54.0 | and aiding terrorist groups. |
0:56.6 | The significance of this is that Ekram Imammolu was actually expected to be selected |
1:01.3 | as the opposition's presidential candidate in the coming days. His arrest saw the Turkish lira |
1:07.1 | plunge as much as 14% against the dollar, and the benchmark stock index, |
1:11.6 | the Bist 100, also fell sharply. Back in the USA, as I alluded to at the beginning of this video, |
1:18.6 | the Federal Reserve is set to announce its interest rate decision later today, with expectations |
1:24.6 | that it will maintain rates in the range of 4.25% to 4.5%. |
1:29.5 | As such, market participants are going to be more focused on the accompanying summary of economic projections and comments from Chair Jerome Powell. |
1:39.6 | They'll be looking for insights into future monetary policy amid ongoing economic uncertainties influenced |
1:45.5 | by President Trump's tariff policies. We've already got a glimpse into how those worries |
1:50.2 | about the economy could affect the US housing market, with weekly mortgage applications falling |
1:55.2 | around 6% following a period of robust numbers. Meanwhile, in Japan, those same worries about the US economy |
2:02.5 | and the impact of tariffs were cited earlier today by the Governor of the Bank of Japan |
... |
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