The Business News Headlines 23 August 2024

Since Wednesday we've been expecting this and on Friday morning, in Jackson Hole, Wyoming, Fed Chair Jerome Powell said it out loud, "The time has come...".  We're talking about a reduction in the federal prime rate come September and that kicks off our newscast this evening. Also,  if you want to reach out to us on social media you can hook up with us all day on Twitter or "X" @IOB_NewsHour and on Instagram. Facebook? Sure were there too.  Here's what we've got for you today:

• Powell says it out loud. Now we wait;
• And the markets reacted to what he said;
• An update on that Canadian railroad strike;
• Rents have spiked and now the Justice Department files suit;
• Millions have been kicked off the internet. Why and what the FCC will do;
• The Wall Street Report;
• And, how about copyrighting a...smell?  But no ordinary smell.

Thanks for listening!

The award winning Insight on Business the News Hour with Michael Libbie is the only weekday business news podcast in the Midwest. The national, regional and some local business news along with long-form business interviews can be heard Monday - Friday. You can subscribe on  PlayerFM, Podbean, iTunes, Spotify, Stitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday Noon Central on News/Talk 1540 KXEL. The Business News Hour is a production of Insight Advertising, Marketing & Communications. You can follow us on Twitter @IoB_NewsHour...and on Threads @Insight_On_Business.