Agency Mortgage Backed securities and least at the current pace but where will employment Interest Rates and the economy go from here well joining us now to discuss that are both of us cohost and investigative journalist ben swan and former fed insider and c. E. O. Of Quill Intelligence danielle de martino both thank you both for joining us today now danielle i want to start with you here it seems like chairman paul really had to thread the narrative needle here he didnt want to downplay growth in the economy but he also didnt want to dissuade congress from getting involved is that a correct assessment of what the chairman was saying today. It really is you know weve got 2 parallel economies right now weve got nearly 30 minute 1000000 americans collecting Unemployment Benefits in some form and you know we have we actually have rental evictions that are proceeding we have foreclosures that are starting to rise as well and on the other hand for people who are employed theyre moving out t
Economy is slowly bouncing back straight ahead we take an indepth look at the moves of the nations central bank and its a future of volatility in the wake of copan 1000 remains uncertain gold has seen a spike in value as investors flee to state haven assets but what does the future hold but well get into that with a packed show today so lets dive right in. The Federal Reserve held another policy meeting wednesday as part of an effort to determine where to go with u. S. Interest rates and what it will take to get the economy moving again overall there was some positive news as members of the Federal Reserve board upgraded their forecast for the economy to show a smaller contraction in Gross Domestic Product and a lower Unemployment Rate this year fed chairman powell spoke about the outlook following the meeting. The recovery has progressed more quickly than generally expected and forecasts from informs the participants for Economic Growth this year have been revised up since our june su
Boris johnson sparked outrage. News out ofing south korea. We are getting the jobless rate falling to 3. 2 percent. The expectation was that the jobless rate would come in at 4. 2 percent so this is much better than expected. We are also talking about the sixth straight month of decline in jobless rates. That 270 4000ring jobs were removed in august from a year earlier. We know that south korea has seen its government really boost those job creation efforts not to mention we could have seen domestic demand being held by the Summer Holiday season and more jobs being available. The government pushing for a fourth extra budget. This is of course helping workers and businesses who lost income due to the latest restrictions and jobless rates. 3. 2 . In for august at watch out for what happens later in the following months given we have seen this flare up in virus cases towards the end of august, haiti. Haidi. Haidi pretty dire numbers coming out and we continue to watch what happens when it
Hong kong Police Arrest a media tycoon and prominent activist jimmy lai after the u. S. Penalizes the citys chief executive carrie lam. 15 ,s in next digital get dip 50 only to reverse losses. The inflation debate. Investors look ahead to u. S. Ppi and cpi as global debt with subzero yields top 16 trillion. A ton of negative that out there. Bob prince tells bloomberg a pickup in inflation would be mind blowing. Frome under an hour away the start of cash equity trading in europe. Lets take a look at futures this morning. Looking at gains across European Equity indexes,. 8 of the gains you seen on the widely traded euro stoxx 50 futures, also on ftse futures. In london. Dax in frankfurt. Looking at games on the u. S. Futures picture. Tradings p minis stronger than nasdaq futures, but you still see green arrows, so it could be a risk on monday to kickoff the week. Lets get the first word news with laura wright in london. Gates billionaire bill says it is mind blowing the u. S. Has not imp
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