Pulled that into this. Treasury, we want treasury to be able to have the cash that it needs and we are essentially taking that to our work. There may come a time when we talk about that. I think we are more focused, frankly, on the bill purchases the year end and review of supervisory and regulatory issues that were digging into and we think these are structural things, right just allow the liquidity that is already there to flow more freely perhaps by making fairly straightforward noncontroversial changes. We think there is some of that if they take role changes, it will take three months and things like that these things that were working on now, like going through year end with the overnight facilities and the bill purchases and the term repo, those are things we have to do right now and are doing. Chris hi. I wanted to ask the only change in the statement was a drop in the reference to uncertainties around the economy you seem very confident or it implies theres a lot of confidence
Five officials believe the federal fun rate should be at same rate. Five would like to see the rate at level it was before this meeting today. Now the Federal Reserve raises the gdp forecast to 2. 2 this year. Also see the Unemployment Rate nudging up to 3. 7 by the end of the year. Core inflation they do believe stays the sail at 1. 8 by the end. Year. In the statement everything was basically the same there except they added the fixed Business Investment and exports have weakened, changing from soft, Federal Reserve says they will act as appropriate to stay in expansion. Now on the shortterm funding costs that you were talking about, charles, the Federal Reserve lowered interest on excess reserves. Lowered interest on excess reserves by 30 basis points. The Federal Reserve sets it 20 basis point under the top range of the federal funds rate. They will continue the overnight repo operations to stablize the federal funds rate. They set the rate on the overnight repos five points under
Hearing. And topics are farm bill, and trade relations with china and the status of the disaster aid programs. This is about 2 15. This joint hearing of the subcommittees on the general farm commodities and Risk Management and livestock and foreign agriculture in order to review the title of Disaster Relief will come to order. Thank you. And thank you for coming to the joint committee on farm commodities and risk committees and farm agriculture. I am pleased to be joined by my chair mr. Acosta and the esteemed Ranking Member mr. Thompson and mr. Rouser. Welcome to the chairman Collin Peterson and my texas Ranking Member mike conaway. This is coming at a important time for farmers. The usda and the food conservation area, and the farm agency is in the middle of a huge job. The fpac and other needs of farmers and ranchers and Rural Communities that is meant to assist the farmer most harmed by the administrations trade war and the expanded wildfire and Indemnity Program or w. H. I. P. Plu
Green arrows across the board in europe the dax is up by 0. 3 . The cac adding 1 . The focus again today, because yesterday it was the fuel for that whipsaw action, treasury yields, 1. 727, much firmer than what we saw yesterday. We saw a low of 1. 595 we had record lows across the yield curve. Thats worth noting. A lot of strategists saying we could test 1. 35. Beijings central bank setting the official reference rate for theyuan to the weakes level in a decade. Eunice yoon has more on the midpoint number that traders are watching they do it now at 9 00 p. M have to watch all the time eunice its worth it its worth it to stay up that late the central bank set the midpoint fix weaker than 7, but it was actually stronger than what a lot of analysts were expecting. So because of that traders were taking that as yet another sign that the government here wants to pull the reins back on the chinese currency there was no official commentary today on the fix it was interesting to see what came
Agenda, you should submit them to me, and you may do so by bringing them forward to the rail. Public comment will be taken on each item on todays agenda. When your item of interest comes up in Public Comment is called, please line up to speak along your right hand side of the room. Alternatively, you may submit Public Comment in writing in either of the following two ways. First, you may email your written Public Comment to me. The land use and Transportation Committee clerk. My email address is j own period. C a r r o l l at sf gov. Org or you may send your written comments via Us Postal Service to our office in city hall. The address is one doctor Carlton B Goodlett place, room 244, San Francisco, california 94102. If you submit Public Comments in writing, i will forward your comment to the members of this panel and i will also include your comments as part of the official file on which you are commenting. And finally, madam chair, items acted upon today are expected to appear on the