The decision and what conditions would warrant a future rate cut later this year. The federal open revisit the ise when it meets again at the end of may. Good afternoon. My colleagues and i remained squarely focused on our dual mandate to promote maximum employment and stable prices for the american people. The economy has made considerable progress toward our dual mandate objectivesinflatiod substantially while the labor market has remained strong. And that is very good news. But inflation is high. Ongoing progress in bringing it down is not assured and the path forward is uncertain. We are fully committed to returning inflation to our 2 goal, restoring price stability is essential to achieve a sustainably strong labor market that benefits all. â– iltoday, the fomc decided to le our policy Interest Rate unchanged and to continue to reduce our Securities Holdings. Our restrictive stance of Monetary Policy has been putting downward pressure on Economic Activity and inflation. As labor m
7 a. M. Ainsley 7. [laughter] brian i assumed. Ainsley i assumed it was me. Brian okay, go ahead. Ainsley it is 7 00 a. M. On the east coast. It is wednesday, march 20th, its my aunts birthday. Has been, lynn. And this is fox friends. We have a fox news alert to start with. A federal court flip flopped why a texas law cracking down on illegal immigration was good to go last night when brian was going to sleep. He went to bed in a good mood and woke up in a bad mood. Brian i know. Steve headline your aunt lynns story was ahead of our lead story. Plus, in other news, here in new york, aocs constituents tell us what they really think of her as a congresswoman. People, the pros stiewrks people getting robbed. I was a volunteer for her. She completely abandoned our community rachel camposduffy will join us live. Brian my aunt kathy was born in june remind me. Boyfriend. Used to be known as a great tight end. Boyfriend. And now Game Show Host travis kelce might be be doing a game show . Migh
Good morning. Welcome to daybreak australia. We are counting down to asias major market opens. Im kathleen hays. The top stories this hour, markets struggling for motivation even as a Team Inflation report builds the case for a fed rate skip. A renewed jump in treasury yields, weighing on sentiment after a week 30 year bond auction. Alibaba returns to Revenue Growth across all major divisions defined chinas economic worries. But theres nothing new on the plant slip. And chinas market regulator will meet developers and financiers friday seeking solutions to a worsening property crisis. Lets take a quick check on what happened on wall street today. Stocks started on a fairly decent rally. The s p 500 was up more than one person at one point after the july cpi report weight suggest that inflation is going back to its twoyear ago level, something the fed could pause, when it comes to rate hikes. But later mary daly said the fed still has work to do, so stocks lost a lot of gain. The s p ba
Feral highway administrator gis testimony on the implementation of the Infrastructure Investment and jobs act. Other legislation passed by congress. Federal reserve Jerome Powell announced for the first time in more than a year that there will be a pause in Interest Rate hikes. Prior to his announcement the feds had raised rates 10 times since the march of last year. The fastest in more than 40 years. Speaking at aly press conference with the federal open market committee. Good afternoon. My colleagues and i remained squarely focused on our dual mandate to promote maximum employment and stable prices for the american people. We understand th hardship high inflation is causing and we remain strongly committed to bringing inflation back down to our 2 goal. Price stability is the sponsibility of the federal reserve. Witht price stability, the economy does not work for anyone. In particular we will not achieve a sustained labor Market Conditions that benefit all without it. Since early las
Stay in their homes. Schools are closed down, businesses are lock down. Bradley blackburn reports from lewiston. Reporter Law Enforcement officials in maine have expanded shelter in place orders beyond the town of lewiston as they continue hunting for mass shooting the suspect robert card. Police say divers will be searching the water near the dock where cards vehicle was found. The river is a big piece of this. The car was located there and evidence was located in the vehicle right there along the shores of the androscoggin river. Reporter s. W. A. T. Teams and k9 units scoured the hometown of boated, even honing in on one home in particular that came up empty. Card, an Army Reservist, allegedly opened fire inside a Bowling Alley on restaurant in lewiston wednesday night using a semiautomatic asan extended mag endoscope. Everyone of those rounds that got fired need to be investigated. Everyone of those cartridges that lays on the ground needs to be collected. Despite recent Mental Hea