An amazing crowd. We had to turn away a good 50 people or more. There is a briefing on u. S. And it is part of a National History center bringing historical perspectives to Current Issues that have confronted congress. It is a political position. It is nonpartisan. It is intended to inform policymakers in public about the sorts of finishes theyre dealing with. I want to give a few thanks to the melon foundation. I also want to thank our assistance jeffrey who is outside of this room for helping make the arrangements. I want to thank the off the of gerry connolly. I want to explain why there was index cards on your seats. We will get questions, answer questions, but we would like you to write those questions on the index cards. So keep them ready and jot down questions when they come to mind. Everyone out there that supports the National Historic center and thank you for coming to the event. We have to get you information about professional organizations like schaffer. Panel rooms are f
Confronting congress and the nation. The purpose of the program is not to provide or advocate for any particular political positi position. It is nonpartisan. It is intended to inform policymakers and the public about the sorts of issues they are dealing with. I want to first give a few thanks first to the Melon Foundation for providing the funding that makes these briefings possible. I also want to thank our assistant jeffrey who is outside this room for helping to make the arrangements. I want to thank the office of Jerry Connolly which booked the room. And i want to remind or explain why there were index cards on your seats and why i passed other index cards around. What we will do after the presentations by the speakers we will get questions, answer questions, but we would like you to write those questions on the index cards rather than ask them in front of the audience. Keep your index cards ready and jot down questions when they come to mind. And so now i will turn this over to m
India italy locking down the whole country. Lets get straight over to the markets now, we are joined by Sarah Ponczek. One of the one of the highlights . Helling say the the selling has not stopped. Saw a limitafter we down in futures yesterday, we and at the same time we have new zealand coming on, getting closer and closer, well below the 200 Day Moving Average which served as support earlier on. At the same time, we have seen dollaryen moving closer and now the yen is trading at the highest level. Prior to the president ial election in the United States, and also, the vti crude oil extending losses again after the worst day since the 1991 we have seen absolutely massive moves. Day, we didf the close down 7. 6 and if you look at the different barometers, we have seen massive moves. The average move over the last eight trading days has been 3. 7 , that is the largest going back to 2008, so to put into context the amount of volatility we have seen, the vix also at [indiscernible] lets
Medicaid reimbursement rates so it artificially depresses this number to 1. 00 that youre reading about in the minutes but if you look at the core c. P. I. The core Consumer Price index which strips out food and energy it has been running at or above 2 percent which is the feds target for 23 straight months now so i think that there needs to be some soul searching at the fed because the average American Family is not going to tell you that inflation is running too low so how would they be able to actually combat this. Well they say that they want to get inflation up to a certain range and that is code that is fed speak for saying we want to keep Monetary Policy easier for as long as it takes to get up to that 2 percent bogey and what how investors rightly read that message is that theyre going to continue growing the Balance Sheet and if need be and we know that the need be could. Could be happening with the coronavirus shock to the to the to the economy not just in china but here in t
This is the one business show you cant afford to mess im christiane and im going to board washington coming up the Federal Reserve on wednesday release their minutes of their january meeting but what path has the central bank decided to take well break down the feds moves and how its close choosing to react to global instability what wall way has lost a case in court relating to the purchases of its products but how will the embattled telecoms giant bear Going Forward will analyze the future of cross the globe. In the great. German europe. And later the u. S. Has sanctioned russian oil giant ross now as the nation has ramped up the effort against venezuela well do a deep dive into the penalties and what it means for the petro sector. Today so lets go and dive right in. The federal open Market Committee released edited minutes from his january meeting during which policymakers voted to keep Interest Rates unchanged between 1. 51 and 3 quarters percent drone policy now says that the u. S