The head of what is arguably the worlds most powerful central bank cited low inflation and a weak Global Economy as reasons not to raise Interest Rates. Steve liesman joins us now with more on her speech. So what did she say . She said that she associated herself as among those who believe that the Federal Reserve will raise rates, it will be appropriate to raise Interest Rates this year. The importance of that is last week when sme spoke she said other members of the committee, and wouldnt answer the question when asked about what she actually believes. Now you can count the fed chair as among those who think rates ought to go up sometime later this year, and i think i know what your followup question is. Does this mean they will, and when . If the chair says, its likely to happen. Although she did give the obligatory caveat of depends on the economic data, it could happen later or it could happen earlier. So the question the market is obsessed over is this it will happen next month i
The head of what is arguably the worlds most powerful central bank cited low inflation and a weak Global Economy asba reason not to raise Interest Rates. Steve liesman joins us now with more on her speech. So what did she say . She said that she associated herself as among those who believe that the Federal Reserve will raise rates, it will be appropriate to raise Interest Rates this year. The importance of that is last week when sme spoke she said other members of the committee, and wouldnt answer the question when asked about what she actually believes. Now you can count the fed chair as among those who think rates ought to go up sometime later this year, and i think i know what your followup question is. Does this mean they will, and when . If the chair says, its likely to happen. Although she did give the obligatory caveat of depends on the economic data, it could happen later or it could happen earlier. So the question the market is obsessed over is this it will happen next month
Traveling from amsterdam to kuala lumpur was believed to be flying at about 33,000 feet when Airline Officials say they lost contact with the going 777 at least one u. S. Official says Analysis Shows that the plane was brought down by a sophisticated missile, although its unclear where it was fired from and who is responsible. Experts say the pilot, likely had no time to react. My guess is this came out of nowhere, it was absolutely no warning. Reporter the scene, unfolding in the area where tensions between ukraine, prorussian rebels and kremlin have been escalating. In the past week, ukraine claimed russia shot down two of its military planes. One factor behind president obamas increased sanctions against russia announced yesterday. The president today saying the u. S. Will help with the crash investigation. As a country, our thoughts and prayers are with all of the families of the passengers wherever they call home. Reporter this, another nightmare involving Malaysia Airlines, more
One guest liked a Caribbean Hotel so much he bought it. Then he closed it down and refurbished the premier property. Now it has reopened. We will check in on the luxurious malliouhana hotel. All that and more over the next hour. Lets get headlines from su keenan. We start with the big winner in todays training. Wake up and smell the Single Service coffeemakers deal with kraft. It posted most in three months up 13 after announcing a deal that will bring kraft brands to its homebrewing system. Foot locker shares rose to a record high today after the Athletic Shoe chain posted secondquarter sales that beat estimates. Foot locker is overcoming a broader retail slump by revamping store layouts and merchandising. General motors, the worlds secondbiggest carmaker, is cutting production in russia where the economy is weakening because of the ongoing conflict with ukraine. G. M. Halted carmaking at its plant in st. Petersburg and plans to refurbish through october 27. New details from the annua
It can place bids for tickets you can place bids for tickets online. One guest like a Caribbean Hotel so much he bought it. Then he closed it down and refurbished the premier property. Now it has reopened. We will check in on the luxurious malliouhana hotel. All that and more over the next hour. Lets get headlines from su keenan. We start with the big winner in todays training. Wake up and smell the Single Service copy maker coffeemakers deal with craft. It posted most in three months up 13 after announcing a deal that will bring kraft brands to its homebrewing system. Foot locker shares rose to a record high today after the Athletic Shoe chain posted secondquarter sales that beat estimates. Foot locker is overcoming a broader retail slump by revamping store layouts and merchandising. General motors, the worlds secondbiggest carmaker, is cutting production in russia where the economy is weakening because of the ongoing conflict with ukraine. G. M. Halted carmaking at its plant in st. P