Formust be asking why, and that we turn to the statement, where there are some important changes in the language that the policymakers are using. The fed is explicitly pointing to external factors as potential drags on the u. S. Economy, and i will quote directly from the statement. Economic activity will expand at a moderate pace and labor market indicators will continue to strengthen. However, Global Economic and financial developments continue to pose risks. That is tom, michael, the immediate reading from the fomc policy state. We can go into more details. Scarlet we are looking at stocks rising in the wake of that announcement. We will be back with you shortly. In the meantime, we want to bring in former vice fed chairman alan blinder. Fed reducingee the the path of Interest Rates, at least the majority expecting they will need fewer of them to get the economic results they are forecasting. Does that comport with your view of what the economy is going to do, and what it needs . An
37. 86 the quote there. The ten year note, right there, hovering just below 2 at 1. 9. Lets get to Steve Liesman. For a meeting, not much is supposed to happen, were looking for a lot to happen. Were looking for signals about rate hikes. Smoke signals, verbal signals, hand signals, some kind of signal about where the fed is going. Fed expected to stand pat today. Let me look at the keys to the Federal Reserve here and the statement that is coming out as well as the press conference. Looking for something of an upgrade to the economy. Perhaps the risk becomes balanced again. Remember in january, in the statement, the fed said it couldnt judge if the risk to the upside or downside which way they were because of the uncertainty in the global environment. Does it drop those Global Concerns from the statement . Were looking for the fed to bring down its rate forecast, the average fomc member looking for four rate hikes this year. The market looking for two or even fewer than that. Well see
This is going to be one of the areas where we work together, and, frankly, where we protect discretionary funding that you got last year due to bipartisan efforts on this committee and we will try to build on that and, frankly, hopefully we can go to the question i asked in the first round and that is perhaps do a little bit better than even the president proposed council proposed a generous increase. But if we could go beyond that and push put additional means in your hands. I know on a bipartisan basis we will want to do that. Thank you. Thank you very much, mr. Chairman. You speak for all of us. Thank you. Spent this morning on cspan2 secretary of defense Ashton Carter sits down with mike allen it will take you there live at 8 a. M. Eastern. Then a panel on israels influence in u. S. Government posted by the American Educational trust and institute for research. That is live at 9 a. M. Eastern also on cspan2. The chair of the Federal Reserve janet yellen spoke at a News Conference a
Welcome to countdown. Im mark barton. Im anna edwards. Im manus cranny. Caroline is here. It has been four years. Proposinghey will be . 11 on the euro. 210 euros is the net income. There was a loss previously to that. 127 . That is a beat on analysts estimates. Were seeing the Industrial Solutions picking up in terms of growth. Looks like the only real area of loss is the u. S. Unit. It has been a thorn in their side. Sell. Ave managed to also outlining savings targets. Had been 2. 3 billion euros. They are upping it. Lifts. Ture of this Companies History was all about getting steel out of the ground and back in the rural region. 20 of the revenue is what is dedicated to this area. They are ever supplying. Thehas been trying to turn company around. Theyre trying to get rid of their brazilian units. Trying to exit stainless steal as a. It is as well. It is slimming down. There is much higher margins that are far more profitable. Overall, i think you are right. The future is everyone is
Demand good morning on september 11th. Never gets any easier. Connell especially for people in this city which we will be talking about in a couple minutes. At the Trading Floor they have the special charity event. Dagen run now we want to bring you uptodate on these markets, Nicole Petallides is at the Stock Exchange with more. Nicole it is a tough day, Dow Jones Industrials hit it off at the markets, the dow was up 46 points at the moment, nasdaq composite and the s p pulling back because of avalanche apple comprises 13 of the nasdaq composite. Lets check on apple on this day after we heard all about the i phone 5 c and the iphone 5 x land all the features and the better of those two models and apple is down 29, back to you. Dagen thanks so much. 12 years after the attacks on 9 11, right now, members of congress from the house and senate are participating in a ceremony on the steps on capitol hill but again it is a painful day for this country, still as painful as it was years ago. B