State no cut was coming afterwards a couple called the rate cut a close call and two, who we know, they didnt want to cut at all. The fed said the cut was due to trade war and to take out insurance against potential Downside Risks there were concerns. There was concern with brexit and trade at the time. There was concern that exports would spill into the labor markets and consumer spending. Theyre okay with it not okay with it, but theyre not all that concerned with weakness and manufacturing. They thought that would threaten the economic expansion several said the rate cut was better aligned by the way with the yield curve. There was some Financial Stability concerns in the meeting. Highly levels of corporate debt. No additional detail on what it might be they discussed options what they might do in the next crisis. And potentially Interest Rate caps nothing was decided in any of those regards. Of course, the staff also presented plans on how to solve the repoe market problem, includi
And welcome to power lunch on this monday im melissa lee. Wall street in a Holding Pattern ahead of the fed stocks carrying out modest gains. Nasdaq the biggest winner at this hour. Communications services specifically, the best performing sector, led by facebook, netflix. We have much more on netflix ahead. Its all about the fed this week policymakers getting ready to meet tomorrow. A decision on Interest Rates set for wednesday followed by chairman powells News Conference Steve Liesman is here with more on what investors should be bracing for. The period of the feds patience could be coming to a quick close. The word first appeared in the january statement and was taken as it was on hold. Now patience is not long for the feds statement. We expect the statement to drop the word patient, which implicitly implies a hike, and albeit with noncommittal language heres are the probabilities we have been following. Still something of a bid on a rate cut this month. I guess you guys are going
This is al jazeera live from doha also coming up spanish prosecutors secret belly and charges against catalunya as depends especially. At least eight people are killed after israel destroys a tunnel in gaza plus. Im reporting on the remarkable return of the animal that has been seen in britain for centuries and they control the sea its causing by its ability to take down trees and to change whole landscape. Seven major developments in the investigation into links between russia and the campaign to get donald trump elected as u. S. President trumps former Campaign Manager paul my thought and his business associate a both been charged with conspiring against the United States its also emerged a third man who served as a Campaign Advisor has pleaded guilty to lying to the f. B. I. About his contacts with russia well the white house that was deflecting the news saying none of this has anything to do with President Trump our White House Correspondent kimberly helped get reports. From do sol
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