Low. And its projected as the population continues to age in the baby boomers retire that that ratio will continue to rise in an unsustainable fashion. So, the addition to the debt taking what is already a significant problem and making it worse is it is of concern to me, and i think it does suggest that in some future downturn, which could occur just for whatever reason, the amount of fiscal space that would exist for fiscal policy to play an active role it will be limited, it may well be limited. Sam fleming with the financial times. Couple of longer term questions, first of all, midway through the year, hot weather inflation targets might need to be raised. Obviously been a lot more debate and have had systems since then about this it may not be an imminent issue, it may be something the feds may be discussing over the coming years. Some sort of change to the inflation target second of all, the amount of stimulus tools that the fed may have at its expo sal are fairly limited. One of
Theresa may has suffered a narrow defeat on a key vote on the brexit bill. It means terms for a final deal need to be approved by a new law passed by parliament. Now on bbc news all the latest Business News live from singapore. A third rate hike in 2017. The Us Central Bank raises Interest Rates at its final policy meeting for the year. And the head of a key vote over the internet, we tell you why the new Net Neutrality rules matters to american businesses. Good morning, asia. Hello, world. It is a thursday. Glad you could join us. We saw the worlds most powerful central bank is continuing to tighten monetary policy, the Federal Reserve raising short term borrowing costs or the third time this year, this time by 0. 25 . Janet yellen said the decision was made following a set of positive numbers. Following a set of positive numbers. Following a slowdown in the first quarter, Economic Growth stepped up to a solid 3. 25 pace in the second and third quarters of the year. Household spending
Made on thursday. Welcome to daybreak asia. Im paul allen. Im betty liu in new york. Story in thejor markets. In the very early morning, leading up to the meeting and digesting everything janet yellen was saying. He bump up in growth. This forecast and Economic Growth here. The job market is still continuing to kind of slug along percenting that three forecast for 2018. A lot of scratching the heads as well. We have strong broad jobs growth. And theres Janet Yellens legacy to think about as well. I have a wonderful piece of trivia for you here. Finalll have the lowest Unemployment Rate of any fed chair since William Martin of 1970. We can have a newfound knowledge of said history. Fed history. I found that out from someone else, by the way. Weve been trading for a couple hours now. Slightly weaker, up. 2 , the kiwi dollar breaking above . 70. Trading in australia just getting underway. It is difficult to get a gauge on how the asx is performing because we have the staggered open here.
B. I. Lawyer, some of which criticized the president. Global news 24 hours a day powered by more than 2700 journalists and analysts. This is bloomberg. Emily im emily chang and this is Bloomberg Technology. Coming up, apples roughly 400 million bet on facial recognition technology. We breakdown the investment. Plus, one days ago until the big boat to reset the internet. Former fcc chair tom wheeler joins us to discuss a way neutralityhaf net is revealed. We will hear from tmobile as the Telecom Giant prepares to take on tv. Apples appetite for deals grows. The tech giant is investing nearly 400 million in a maker of technology that is critical to the new iphone 10 features like facial recognition. This comes a few days after apple confirmed it by shazaam. Shares have had their best days since 2009, soaring more than 20 at one point. Here to discuss is mark gurman who covers all things apple. Walk us through this deal. Mark this deal is part of apples billiondollar pledge fund to invest
Fed, if you will. Have got to because the Federal Reserve. This is Janet Yellens last policy decision. A wideranging set of views including those on bitcoin. A speculative situation. When it comes to Monetary Policy, three hikes expected for next year. It seems to Economic Growth, but inflation, the mark. Question we are about 30 minutes out from the open in china and in hong kong. David, a bit of a mixed picture when it comes to the equity side. We are seeing the dollar maintaining those losses. David we welcome to a substantially weaker u. S. Dollar. That actually showed up. Im going to tie it together with the aussie number you mentioned at the top of the show. Have a look at the move down in the 10 year yield in australia. Here is the pop we got 30 minutes back because of the swell and jobs data that came out. The haidis point, we are looking at a mixed picture. Currencies are counter productive. Corelation is quite clear. Back to the jobs number in australia and just to show you h