On nightly siness for wednesday, september 2 good evening, everyone. And welcome. Im sue herera. Tyler mathisen is on assignment tonight. The Federal Reserve did not budge. Though there was some disagreement, policymakers decided not to raise interest but the central bank did say a few iortant things. That nearterm risks to the economy were more balanced, it signalled a possible rate hike this year and lowered its outlike for longterm Interest Rates and with that, stocks took off. The Dow Jones Industrial average grew to 18,293. The nasd added 53. Harpton pearson has more on what janet yellen signalled to investors. Policy makers say its not yet time to raise key Interest Rates. Inflation is too low and there is still room for further improvement in th most of us judge that the case for an immediate increase in the federal funds rate is stronger, but it would be sensible, given the finding of a bit more running room to wait to see some continued progress, evidence we continue to progre
On cnbc. Im sara eisen. Do i not get a welcome back . Welcome back from washington, a whole 24 hours. I know. How was it . It was good fun, thank you. Well discuss that story coming up. Wells fargo, and another hearing to come today. Busy time down in washington and the fed meeting. Lets get to equity features at this hour. Yesterday we did have a positive close for all three indices, but fractional. Just higher about 0. 1 . We lost steam during the day. Its been treading water this week ahead of the crucial fed meeting, the bank of japan meeting well get to in a moment. Here are the u. S. Futures, higher by 70 points for the dow. A half percent positive open for u. S. Markets. After we lost the gains again yesterday, the dow closing up ten points. Some trepidation ahead of the big Federal Reserve meeting, but there is buying this morning. The top market story of the morning is the bank of japan rebooting its monetary policy. The boj did not cut rates further into negative territory or
On nightly siness for wednesday, september 2 good evening, everyone. And welcome. Im sue herera. Tyler mathisen is on assignment tonight. The Federal Reserve did not budge. Though there was some disagreement, policymakers decided not to raise interest but the central bank did say a few iortant things. That nearterm risks to the economy were more balanced, it signalled a possible rate hike this year and lowered its outlike for longterm Interest Rates and with that, stocks took off. The Dow Jones Industrial average grew to 18,293. The nasd added 53. Harpton pearson has more on what janet yellen signalled to investors. Policy makers say its not yet time to raise key Interest Rates. Inflation is too low and there is still room for further improvement in th most of us judge that the case for an immediate increase in the federal funds rate is stronger, but it would be sensible, given the finding of a bit more running room to wait to see some continued progress, evidence we continue to progre
Lets get straight to the top story. Fed chair janet yel hn the floor yesterday, and she made it clear she isnt on the same page as her hawkish colleagues. Shes moving ahead carefully with the Central Banks decision on future rate hikes. In particular, developments abroad imply that meeting our objectives for employment and inflation will likely require a somewhat lower path to the federal funds rate than was anticipated in december. Given the risk to the outlook, i consider it appropriate for the committee to proceed cautiously in adjusting policy. Her dovish tone lifdhe dow and the s p, both indices posting their highest closing levels of the year. The s p is now up half a percent for 2016 as a whole and has fully recovered after seeing its worst january since 2009. Lets have a look at futures at this hour. Were expecting that positivity postyellen to continue. The dow called higher by 93 points. The s p by 11. The nasdaq by around about 25 points. Lets also have a look at the bond ma
Im glad you found a little smile because its International Happiness day. Happy friday. A little friction in the first ten minutes. We had a fight over the twitter question, which is still to come. But you must get involved. A loving fight. We havent worked out what the twitter question is yet. Anyway, back in the black. The dow positive on the year. Extraordinary turnaround when you think about where we were a couple weeks ago. Blue chip index on track for its best quarterly comeback since the end of the great depression. A weaker dollar and stronger oil helping to propel stocks this week. U. S. Ek wiquity futures right n lets take a look. They were broadly flat earlier. The s p and nasdaq called open by a small amount. The dow similarly called open but only by 25 points into positive territory. A big reason for the stunning turnaround in stocks, the correlations with other assets. Lets show you the price of oil right now. Wti topping 40 a barrel for the First Time Since december 7th,