The small and beautiful town of jackson hole, wyoming. This afternoon, the minutes of the Federal Reserves last meeting were released in washington showing that some officials think the economy is Getting Better quicker, so much so that the central bank will need to hike rates sooner than planned. The initial reaction in the stock market was one of concern, and stocks shed some of the gains for a short time before they resumed their august asent. In the meantime, a cnbc survey shows wall street thinks the next round of Interest Rate hikes, wherever they begin will be so gradual and so prolonged they wont end until the next president is in the oval office for nearly a year. Steve liesman is in jackson hole where Federal Reserve chair janet yellen will speak on friday with a look at why everyone on wall street to main street will be watching jackson. Reporter when the leading luminaries of the central banking and economics World Convention on the mountains for the annual conference this
The small and beautiful town of jackson hole, wyoming. This afternoon, the minutes of the Federal Reserves last meeting were released in washington showing that some officials think the economy is Getting Better quicker, so much so that the central bank will need to hike rates sooner than planned. The initial reaction in the stock market was one of concern, and stocks shed some of the gains for a short time before they resumed their august asent. In the meantime, a cnbc survey shows wall street thinks the next round of Interest Rate hikes, wherever they begin will be so gradual and so prolonged they wont end until the next president is in the oval office for nearly a year. Steve liesman is in jackson hole where Federal Reserve chair janet yellen will speak on friday with a look at why everyone on wall street to main street will be watching jackson. Reporter when the leading luminaries of the central banking and economics World Convention on the mountains for the annual conference this
In Monetary Policy gathered in the small and beautiful town of jackson hole, wyoming. This afternoon, the minutes of the Federal Reserves last meeting were released in washington showing that some officials think the economy is Getting Better quicker, so much so that the central bank will need to hike rates sooner than planned. The initial reaction in the stock market was one of concern, and stocks shed some of the gains for a short time before they resumed their august asent. In the meantime, a cnbc survey shows wall street thinks the next round of Interest Rate hikes, wherever they begin will be so gradual and so prolonged they wont end until the next president is in the oval office for nearly a year. Steve liesman is in jackson hole where Federal Reserve chair janet yellen will speak on friday with a look at why everyone on wall street to main street will be watching jackson. Reporter when the leading luminaries of the central banking and economics World Convention on the mountains
The nfl do about it . An oregon man comes down with meezales after the outbreak at theme parks. Two people come down with the disease who had been vaccinated. Schools taking drastic action. A hole tooth . His teeth was not really knocked out by a cameraman, but his girlfriend lindsey vonn responded by saying tiger woods was not telling a tale. Announcer from nbc news this is today. With matt lauer and savannah guthrie. Live from studio 1a in rockefeller plaza. Welcome to today on a wednesday morning. Did you listen to the speech . A little bit of sassiness from both sides. Thats a moment a lot of people were talking about. Its our top story, the state of the union. Displayed renewed swagger as he outlined a vision for the final two years of his presidency. Lets go to Peter Alexander at the white house. Good morning. Hi savannah. Good morning. Tonight the refrain and this morning the reality check. Calling for action even if little is likely. With an audience of 30 million americans, pr
Some of the biggest Financial Institutions including jp morgan chase, barkleys the royal bank of sc ubs will pay billions for manipulating the Interest Rate markets, one of the least regulated markets in the financial world and one of the largest, about 5 trillion changes hands every day. The traders from different banks didnt act as rivals but rather they worked together to rig the price of u. S. Dollars and euros in a scheme that went on nearly every day for five years through 2012. Eamon javers has more. Deep inside of the posh offices of the major banks, in the private digital exchanges of the private traders was right ought of the mafiainity invited to join the scam. Mess this up and you sleep with one eye open up. And if you aint cheating you aint trying. And yes, the left competition the better. And today that language caught up with the traders as new u. S. Attorney general l lyn announced the massive setty traeders formed a group they dubbed the cartel. It is perhaps fitting t