The hour. We are delighted to have both of you here. Kicking us off right now is vonnie quinn. State johnretary of kerry and his russian counterpart agreed on a ceasefire and a meeting in munich. They also agreed to airdrop humanitarian aid to syrian cities. Still be planes will able to attack islamic state. In oregon, the last four holdouts in the occupation of the wildlife refuge go before a federal judge today. They surrendered to agents yesterday. Now that they are battling oneonone, more differences between democratic president ial candidates are emerging. As they debated last night, referred toton Bernie Sanders ideas as unrealistic. But Bernie Sanders says he thinks voters are ready for a new reality. Bernie sanders the American People are tired of establishment politics, establishment economics. They want a political revolution. Come together, not let the us,ps of the world divide and say in this great country we need a government that represents all of us. Caucuses will be hel
European open, the rally in europe, Deutsche Bank down another 4. 5 . The dax deep in the red. There are so much to discover this morning. Cehic. Et over to nejra a turkey will be pressing for concessions as the European Union meets over the refugee crisis. The eu wants turkey to stop the flow of refugees from the middle east in return, turkey wants money, a quicker path to joining the eu and the ability to travel to europe without visas. A Kurdish Militant Group has claimed this possibility for last weeks explosion in turkeys capital. The same group that claimed responsibility for a similar attack on turkish army officers. To fillt obamas choice the Supreme Court vacancy goes to capitol hill that it. Today. Mitch mcconnell says garland wont even get a hearing. Some republican senators and say they will talk with him. Global news 24 hours they powered by our 2400 journalists in more than 150 news browse around the world. As we watch the fed affect work its way around the globe overnigh
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
Stabilize. I will be that there is a limit below which oil prices are likely to rise. We look at Market Expectations, market forctations are stabilization. And then some gradual upward movement. I certainly grant that we have had a series of shocks, pushing them down. But we are not looking for them to revert back to the higher levels that they were at. Merely to stabilize. Would point out, you ask me, would we tolerate overshoots . For a number of years between 2004 and 2008 we had a series of increases in oil prices that for a series of years raised inflation above. Again, we didnt have a 2 and 2 objective then. We judge those increases to be transitory as well. Looking through them, we do monitor Inflation Expectations very carefully. If we saw in a meaningful way that Inflation Expectations were either moving up in a way that made them seem unanchored or. Own, that would be of concern we have called attention to some slight downward movements and some survey measures. We are watchi
Decision and more importantly not the decision, but what the fed says. Steve . Hey, tyler, good afternoon. The vote has already taken. The decision has been made. All this probably left is a little last minute mimeographing of the statement to see whether or not the fed will face some new facts and it does face a new set of facts when it comes to the economy and markets. Here is a look at some of the things that changed since the last meeting. And with the question of how much they actually address in the statement. Stocks obviously have sank. Volatility has surged. Oil has plunged. The inflation outlook has got to be lower now. The Economic Data has weakened. For the Fourth Quarter, between 0 and 1 growth. The dollar strengthened. Jobs number, a bit softer after that blowout number we got for december. The claims numbers have come off. The question becomes, guys like jeff gunlack come forward with but the fed survey, step forward and say the fed should see all this as transtory, not w