As well. Basic resources leading the way. Gold initially striekd by more than 4 on the back of the fed. And a no taper move translate into the emerging markets. Currencies like the rupee surge in countries like thailand and indonesia. And stocks get the eurozone, more protests expected in greece after the murder of a 34yearold rapper brought violent clashes. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. All right. Were up and running here on Worldwide Exchange. Big Global Reaction to the fed. It says its not ready to cut back just yet, deciding not to taper its massive Bond Buying Program the markets had been expecting. In its statement, the fed cited tightening Financial Conditions that could hurt the u. S. Economy and labor market. The fomc notice dollars the impact of rising Mortgage Rates which have surged since the fed hinted this summer that it might trim its bond purchases. The Federal Reserve blamed washington for moving towards
The statement says significant underutilization of labor resources and a very modest pace of wage increases thats picked up very little i see as essentially a reflection of that. The wall street journal. I want to come back to the Interest Rate projections that put out today. The public i think would be enlightened by knowing a bit more about where you stand in relation to these projections. And with that in mind and in the name of transparency, i wonder if you could describe to us whether youre at the low end of those projections within the central tendency or at the high end . I also want to ask you about a San Francisco fed paper that came out recently which suggested that Market Expectations have been running below the fed zone projections. So i wanted to ask you if you see that as well and whether its at all troubling that Market Expectations might not be aligned with what the fed put out today. So with respect to identifying myself, the committee has had discussions during the ye
Lets talk stocks right now. Joining me is heather hughes, Rebecca Patterson and greg ipp from the economist. Whats going on over there, maria . Loud. Well show you whats going on here. That was the group from home depot doing a rah rah from the company. Heather, how important is housing to the broader economy . Well be talking with frank blake in a moment. Hell give us a great window into whats going on with housing and how that gifs us a sense of what were seeing in the broader economy. Definitely homes have been the driving factor to this economy. Rising rates i guess are worrying the banks right now in terms of lending. However, they may actually ease up on their lending standards as rates rise because it would also increase their profitability in terms of margins. Rebecca patterson, based on what youre seeing in the broader economic landscape, is that reason to buy stocks . Were sitting on our hands right now. We just want to get some more clarity from some of our known unknowns, b
States funnel billions of dollars to the internal government. Hello. Welcome to todays program. Plenty to get through on the show, including, of course, looking at oil. Will middle east tensions keep driving up the price of oil. Perhaps supply will yet outstrip demand . Well talk about the price of oil in ten minutes. Bank of thailand offered no surprise by holding its policy rate steady. The central bank warned a slowdown in chinas affecting growth. Well take the economic temperature of the country and its neighbors. Brazils central bank due to release its Interest Rate decision later today 11 20. Well ask if the country can find the path to inflation and slowing growth and a weakening currency. And u. S. Food joint smith field agreed to a multibillion takeover. Theyll seek assurances on the deal. Can food safety be guaranteed . Do sovereign issues play a part in a countrys food supply . We have a Panel Discussion at 11 30 cet. Right. Also some italian industrial output up 1 in may. T
Places where cases are going up. The country back to work. White house sources say the the chief medical doctor is president is set on a may 1st overseeing a Clinical Trial on date to reopen. Hydroxychloroquine in the state. Many doctors and scientists, doctor, thank you so much for joining us. Though, even some on the i want to start with just president s team, say the country is simply not ready, not looking at the if you look at enough people have been tested. The food and Drug Administration the fiveday average in south says some new antibody tests are dakota, in which were going state by state, saying are they not reliable. Today the world health flattening, are they curving . Organization says, quote, it is that is troublesome to me, and getting on with the job, that im sure you, when you look at it, that arrow pointing up. After President Trump announced the United States will now is that a result of the withhold funding from the world smithfield plant . Is it primarily that, th