Recent data at the time suggested that this process would take longer than they had previously expected. The readings did not increase the confidence for cutting Interest Rates. Although the fund rate was seen as restrictive overall, many were uncertain about how restrictive it actually was. They did discuss the possibility that the rate may be higher and higher rate may be less effective at slowing the economy down they have been at the past. They saw the lack of progress on inflation, increasing goods and Service Prices across the board. There was a debate. Some saw this as residual seasonality. We did discuss a lot. Others on the increases as broadbased. There was also a dub discussion with they said the easing of the labor market would be seen reducing inflation in the in the coming months. They did discuss cutting rates at the labor market did get weaker, onyx unexpectedly. The numbers saw consumption growth showing. Once again, this was after three lousy inflation readings before
Im Katie Greifeld in new york. Welcome to Bloomberg Markets. It is a down day in the markets right now on this thursday. The s p 500 currently off by about 1. 5 , and the story only gets worse if you take a look at big tech, with the nasdaq currently off by about 1. 7 . We know a lot of that is coming from meta reporting earnings last night. The stock is down double digits right now. That is what we are seeing in the stock market in addition to the Economic Data which we will get to in just a bit. You look at how it is filtering through the bond market. You have 10 year treasury yields higher by eight basis points. Firmly above 4. 7 for the First Time Since late last year. That is after u. S. Economic growth. We learned that it slid to a nearly twoyear low last quarter while inflation jumps. Optimism for a soft landing. Michael mckee joins us with the details. Walk us through how painful that dynamic might be for the fed. Slow growth, hot inflation. Michael the problem is that it is no
Expires and the bank sees a dismissal of charges. And going higher, they do not expect to incur any losses good morning, everybody. It is december 11th, two weeks away from christmas and perhaps a snowy monday to be expected. Lets take a look at how markets are doing this morning so, asian indices were firmer overnight with nikkei with another strong session up more than 5 . And of course, last week we also saw u. S. Equities end the weej a smidgen higher new highs posted for dow jones, the 65th record close for 2017 the picture in europe looks a little bit firmer this morning, trading slightly above that flat line lets switch to indices. Of course, this is a big week for indices. Weve got lots of Central Bank Meetings coming up, the fed, of course, but above and beyond that, weve got the bank of england, ecb, not really expected to do much this week in terms of decisions, but as you can see, the picture looks fairly safe for the italian index, ftse mib, which is struggling a little an
Thank you very much. Thanks for inviting us and thank you for coming. I would associate myself completely with the excellent textual analysis and i would agree with evans prediction that this could add some momentum, not a lot, but some momentum in their relations and also the relations and also the prescription about what the u. S. Government could do. I never had any expectation or should anyone have any expectation that this would resolve this issue within japan were korea or china or the u. S. For that matter. They famously said in the 70s it would take three generations to resolve this issue. Around the same time they said we leave this issue to the next generation which would be wise. Apparently that wasnt the case. In some ways its gotten harder. But i start with this premise it was never intended or have any chance of resulting the history issue. A lot of the criticism is promised on the need to resolve this and i just would put it to you that that was never for any Prime Minis
I know there is some concerns about privacy of seniors with the web camera and video monitoring may give challenges to want to ensure the privacy of seniors and their dignity using this technology. But we also want to make sure we are looking now for their safety. I know using privacy techniques such as old the silhouettes on video monitors to ease some of the privacy concerns over adults but the challenge for those is to maximize safety with the minimum invasion of privacy they get to the chairman and witnesses to be here today and i look forward to learning from your testimony. That is an excellent statement. We have been joined by senator perdue, a senator cater and senator casey. Thanks for joining us this afternoon. Now we will turn to the panel and first year from the up Tech Industry veteran and the founder of aging in Place Technology watch. I a understand she also has the of wisdom to have her seventh home in the state of maine. That did not mean that is where you are testifyi