Advance, if its a very good month if it stays like this, the best june sinceey 40. We keep an eye on that. I remember that one well. Like just yesterday we were covering. A. That we have socalled bond king, jeffrey gundlach. He has turned markedly bearish. That the Federal Reserve doesnt know what he is doing and politicians flummoxed about the debt, whether they want to address it. He has been buying gold. He is optimistic on gold. His read on things a little later in the show. Edward lawrence on what the fed decision could reveal today. The white house want to see rates cut like now, right . Reporter the president made his observations clear. He would like to see that rate cut happen. It is widely expected the fed will keep the federal funds rate, 2. 25, 2. 50. Recent studies say that number goes up at the next meeting to 82 . Were looking for changes in the language of the statement. If the Federal Reserve says they will be patient for future adjustments. How the data changed and lo
Cut. Seven of them are forecasting two quarterpoint cuts this year one is forecasting one cut eight are on hold. And one is forecasting a high cut. Eight forecasting a cut. Ser seven is two cuts. One is one cut, one on hold, one hike the result is actually unchanged. However, its down by 50 basis points for 2020 to 2. 1 , down by 1 for 2021 to one quarter point to 2. 4 . The long run also down by a quarter. The long run fund rate to 2. 5 from 2. 8 all of this took place, by the way, without much change in the Overall Economic forecast. A little tweak here on jdp, unemployment let me get to what the statement says about the economy the labor market in the statement says remain strong Economic Activity rising at a moderate rate and thats down from a solid rate in the last. Job gains solid, it says the Unemployment Rate remains low. Same language as last time Household Spending picked up from earlier in the year Business Investment was soft, and they had said it slowed. Overall inflation
Of course, so i think we are a long way from that. Digital currencies are in their infancy. So essentially, not too concerned about, you know, the Central Banks no longer being able to carry out Monetary Policy because of crypto currencies or digital currencies. You know, facebook, i believe, has made quite broad rounds around the world, really, with regulator regulators, supervisors and lots of people to discuss their plans and that certainly includes us. And its something we are looking at. We meet with a broad range of private sector firms all the time on Financial Technology and theres just a tremendous amount of innovation going on out there. The potential benefits here, there are also potential risks, particularly of a currency that could, you know, could potentially have large application. So i would echo what Governor Carney said which is we will wind up having quite High Expectations from a sort of safety and soundness and regulatory standpoint if they do decide to go forward
Maria good wednesday morning. Thanks for joining us i hope you are having a good wednesday morning. I am maria bartiromo, wednesday, march 20, 8 00 a. M. On the east coast, hiding from American Public hunter biden is not expected to show up today for a public hearing before the House Oversight committee his lawyer dismissed the hearing as quote a carnival sideshow in december before he testified under oath behind closed doors hunter pushed for a public hearing, remember . I am here to testify in a public hearing today. To answer any of the committees legitimate questions republicans do not want open process where americans can see expose their faceless inquiry or hear what i have to say what are they afraid of . I am here. I am ready. Yeah hunter biden former business parn Tony Bobulinski testifying today told lawmakers joe biden is quote the big guy, there is oped with exerpts from testimony says i want to be Crystal Clear from a direct personal experience what i have assessed come to
Maria welcome back. Good monday morning thanks very much for joining us this morning. I am maria bartiromo. I hope you are having a good monday morning monday a much 18, 8 00 a. M. On the east coast, former fullerton county prosecutor nathan wa de withdrawing from Georgia Election interference case you former President Trump 18 deters fullertoni coin judge rulingwide step down or fani willis the two having an favor using money on themselves on trips, trump rallying in ohio. For all the persecution only happening because i am running for president leading in polls all local cases, fani, fawni it is spelled fanny, mr. And mrs. Wade, like not pressure can you imagine two trying to tick down a very popular i am a very popular president these people are low lives, and there are sent here by the department of justice, this has been a local georgia thing this was done they would go in to washington, d. C. , have meetings that lasted for eight hours on numerous occasions with Justice Departmen