Selloff. Kospi by 1. 4 . Cheryl at the Holiday Box Office company filibustered day. The dead beefedup superheroes. While the winners for you. Fbn am starts right now. Cheryl 501nanometer. Good morning, everybody. Then lauren simonetti. Cheryl of the holidays begin come alluring picture and say this is the day to reset after the thanksgiving weekend and christmas is in the day. Drink do we begin with breaking news. The clock ticking as Congress Moves forward on tax or foreign. President turned to me that the finance committee today at gpo p. Leaders to merrill. Leaders of both parties discussing the fate of tax reform yesterday. Is a look at the votes but its a process and legislative process takes time to move across the finish line. I predict well have a new tax code for the new year and the new era of american price. E. Americans deserve any tax code and whether your new york or california, illinois, we continue to see our jobs and plans and research merge overseas. Its time to end t
Making her last stand, raising rates for the third time this year and the fifth time since the financial crisis Steve Liesman was at the press Conference Reporter hi, melissa the Federal Reserve raising the Interest Rates by a quarter point, that is the highest its been since 2004. The fed forecasting three more rate hikes, boosting its growth forecast next year to 2. 5 in part because of coming tax cuts. It also lowered its outlook for unemployment to 3. 9 and continues to believe that inflation would eventually move up to its 1. 9 target. There is nothing flashing red there or possibly even orange. We have a much more resilient stronger banking system. And were not seeing some worrisome buildup in leverage or credit growth at excessive levels so, you know, this is something that the fomc pays attention to. But if you ask me is this a significant factor shaping Monetary Policy now, well, its on the list of risks its not a major its not a major factor reporter yellen said the tax cuts