As appropriate to sustain the expansion of the fed sees longer run federal funds rate dropping from 2. 8 to 2. 5 . On inflation the fed closely monitoring inflation at it point. The forecast is for headline inflation to fall 1. 5 this year. The fed sees core inflation slipping to 1. 8 . Then in 2021 the fed sees a reversal, inflation rising back to 2 . On gdp the fed forecast as 2. 1 in 2019. The fed lowered outlook for unemployment this year to 3. 6 . The fed sees the labor market as strong right now but they say the rising economy at a moderate rate. Now the data shows that Consumer Spending picked up but Business Investment softened. Fed sees uncertain forecast of economy, jobs, ininflation. Very interesting statement but no rate cut today. Looking at one fed president or one fed vote away from a rate cut this year. Two fed votes away from two rate cuts this year. Back to you, charles. Charles edward lawrence, thank you very much thats a whole lot. Here to unpack it all, Danielle Di
If you go back to say 2013 and consider the until this year, the reasons why inflation was low are not hard to understand its a combination of slack in the labor market, declines in Energy Prices and strong dollar that pulled down import price inflation. So, whats important in determining inflation Going Forward is Inflation Expectations by some by many of professional forecasters those have been rock solid we do also look at Household Expectations which have come down some. Marketbased measures of inflation compensation as we mentioned in the statement, they have declined, and they have been snabl recent months, but they have declined to levels that are low by historical standards. That might suggest that Inflation Expectations have come down, but, when cant get at clear read, there are risk built in to inflation compensation that make it impossible to extract directly with Inflation Expectations are so, you know, there is a miss this year. I cant say i can easily point to a sufficien
Politically correct. Fox news correspondent kevin corke live in somerset, new jersey, where President Trump will be spending much of this weekend. Good evening, kemp. Kevin. Reporter hey there, my friend, good to be with you. Youre right, this is a more targeted travel ban. You mentioned eight or nine country, it could end up being more than that, lou. These are just recommendations which ultimately means the president could decide between now and sunday to change things just slightly. Now, let me just share some of what we know already about the existing travel ban and how theyre now trying to tweak things just a bit. The existing travel ban, as you know, expires on sunday, and thats important because it means between now and then the administration will try to make changes that will affect how different people can get into this country, something weve been talking about at length in terms of the safety and security of the American People. Now, a final decision is expected by the dead
That 4. 25 trillion Balance Sheet. The nasdaq at risk of being down for the second consecutive month. The devastating Hurricane Season continues, maria hitting puerto rico. The entire island losing power completely. The power may not be fully restored for up to six months at a minimum. Meanwhile, President Trump announcing new sanctions against north korea, essentially saying nations and entities have a choice. You can do business with america or do business with north korea but not both. The president also said that china has told its banks to stop doing business with north korea. Ray dalio is the founder and cochairman of Bridgewater Associates which, over the last 40 years, has become the Worlds Largest and best performing hedge fund. Bridgewater manages about 160 billion in global assets. He is also the author of a new book which lays out the reasons why he and his firm have been as successful as they have with the hope he can help others achieve their potential. Ray, it is great t
That 4. 25 trillion Balance Sheet. The nasdaq at risk of being down for the second consecutive month. The devastating Hurricane Season continues, maria hitting puerto rico. The entire island losing power completely. The power may not be fully restored for up to six months at a minimum. Meanwhile, President Trump announcing new sanctions against north korea, essentially saying nations and entities have a choice. You can do business with america or do business with north korea but not both. The president also said that china has told its banks to stop doing business with north korea. Ray dalio is the founder and cochairman of Bridgewater Associates which, over the last 40 years, has become the Worlds Largest and best performing hedge fund. Bridgewater manages about 160 billion in global assets. He is also the author of a new book which lays out the reasons why he and his firm have been as successful as they have with the hope he can help others achieve their potential. Ray, it is great t