A bit of a mixed bag. Employment growth decelerating. It is consistent with some slowing. The economy is slowing. The manufacturing slowdown is continuing. But it is happening at a very gradual pace. We are slowly pressing on the brake here. It is not a falling out of bed moment. It is not a flashing red, the economy is falling off a cliff number to me. Definitely falling off a cliff. The market is not doing anything. The market is priced in for an october rate cut. We have to pencil in a fed rate cut in october. For those looking for a decisive message, a deterministic one, they did not get it. Jonathan joining me around the table to discuss in new york are our guests, oksana aranov, lisa hornby, and Gershon Distenfeld. Guys, i want to begin with what changed this week for all three of you. Did anything change for you, oksana, this week, given the data we had . Oksana nothing has really changed on the economic backdrop. We did have some weak numbers there, but an ontrack jobs number a
Is decelerating. It is consistent with some slowing. The economy is slowing. The manufacturing slowdown is continuing. But it is happening at a very gradual pace. We are slowly pressing on the break here. It is not a falling out of bed moment. It is not like a flashing red, the economy is falling off a cliff number to me. Definitely not falling off a cliff. Not enough to do anything. The market is priced in for an october rate cut. We have to pencil in a fed cut in october. For those looking for a decisive message, a deterministic one, they did not get it. Jonathan joining me around the table to discuss here in new york are our guests, oksana aranov, lisa hornby, and Gershon Distenfeld. I want to begin with what changed this week for all three of you. Did anything change for you, oksana, given the data we had . Oksana nothing has really changed on the economic backdrop. We did have some weak ism number there, but an ontrack jobs number and an upward revision for august. We have been in
Captioning performed by vitac by those we regulate, and of course, by this committee and congress. Whether were making changes to the staffs longstanding review process for shareholder proposals, assessing the duties of Investment Advisers or considering how to strengthen company disclosures, we must be fair and transparent about the policy choices we make and the data and information on which we rely on making those choices. I thank the committee for its oversight of these important issues. And i stand ready to answer your questions and listen carefully to your thoughts and concerns. Thank you. Commissioner lee. Chairman clayton you are now recognized. And i want to echo the thoughts of my colleagues on the opportunity we have to testify today and note that their testimony demonstrates the wide range of issues that the Commission Deals with every day. I want to thank this committee for your support of the commission and in particular the dedicated women and men who are our most import
Report. A bit of a mixed bag. It is consistent with some slowing. The manufacturing slowdown is continuing. But it is happening at a very gradual pays. It is not a falling out of bed moment. It is not flashing red, the economy is falling off a cliff number to me. Not falling off a cliff. Not much of anything to me. The market is priced in for an october rate cut. We have to pencil in a rate cut in october. For those looking for a decisive message, a deterministic one, they did not get it. Around theoining me table to discuss in a new york are our guests. I want to discuss what changed this week. Nothing has really changed on the economic backdrop. Did have some week numbers there, but an on track jobs number and an upward revision for august. We have been on this trend for a while, where revisions have been up. It is a weird environment where we are in, where an employment continues to be strong, and the probability of a fed cut winds down slightly, from around 90 to 75 or so. The fed
Again its good to have you back well here across parts of northern asia we are watching Tropical Storm top make its way towards the north bringing very heavy rain across the vehicle islands and the threat is also going to be not only for japan but also for the southern part of south korea notice every rain here we do expect to see here on sunday the storm is going to move quite quickly up here to the north into the north east and across the area we could be seeing anywhere between 400. 00 and possibly 425. 00 millimeters in about 72 hours so flooding is going to be a big risk across that area for tokyo though not looking too bad a cloudy day for you at 29 degrees well for the eastern part of china were looking quite nice actually for a Central China as well plenty of sun in the forecast all the way down here across much of the south and for hong kong that means a nice day for you at 31. 00 degrees really staying that way as we go towards monday up to the north though your temperatures