Todays eye opener, your world in 90 seconds. Helicopters are flying to fulltime to rescue people trapped by flooding. More dramatic rescues play out in east texas. Overnight the remains of Hurricane Harvey caused significant flooding in nashville. At the arkema Chemical Plant in crosby, texas, more blasts are expected. Even as flooding persists, recovery is under way here. The city of houston is open for business. And quite frankly, we open for business right now. The president would like to join in the efforts and hes pledging a Million Dollars of personal money to the fund. Vice president pence getting his hands dirty and consoling victims. We will be with you every day until texas recovers and rebuilds stronger and better than ever before. To. The Police Officer in georgia is under fire for some controversial comments he made during a traffic stop last july. Remember, to nl kill black people. Yeah, we only kill black people, right . Wildfires burning from california to montana in wa
While maintaining the price of Economic Growth . This is bloomberg surveillance. Im mark barton. We have headlines from the ecb. It says debt sustainability concerns have risen in the last six months amid a potential increase in yields. The ecb says risks to Financial Security stemming from Financial Markets remains significant, mainly because of the possibility of a rapid repricing in Global Fixed Income markets. It says an abrupt repricing could materialize because of spillovers from high yields in advanced economies, in particular te advanced economies, in particular the United States. The fed has raised rates twice since last year and policymakers are predicting two more in 2017. Unconventional stimuli are moving close, the officials caution that in the light of inflation and Global Economic risks, qe must be unwound gradually before higher borrowing costs should be discussed. We will speak with matt miller about this. A quick look at the markets today. The stoxx 600 is up by 1 5 o
Step in removing some policy accommodation. The time of this meeting, the committee was going with a lot of weak data, weak gdp data from quarter one and weak inflation data from march, and they made references to that data being transitory. There was a clear debate around the idea of inflation and where inflation was heading. Some in the committee are more wordy ofried about the prospect overshooting inflation as unemployment continues to fall below the levels they think are the lowest sustainable levels for unemployment, while others on the committee are worried that some of the most recent data on inflation signals that there may be a pause and price rises there, so perhaps the committee should be cautious about raising. One caveat to these minutes, they are a bit dated. The data since then is split. The april payrolls was quite strong, which supports those in the committee that wanted to see a hike in june. But april inflation cpi data was extremely weak, so that will run the other
Step in removing some policy accommodation. The time of this meeting, the committee was going with a lot of weak data, weak gdp data from quarter one and weak inflation data from march, and they made references to that data being transitory. There was a clear debate around the idea of inflation and where inflation was heading. Some in the committee are more wordy ofried about the prospect overshooting inflation as unemployment continues to fall below the levels they think are the lowest sustainable levels for unemployment, while others on the committee are worried that some of the most recent data on inflation signals that there may be a pause and price rises there, so perhaps the committee should be cautious about raising. One caveat to these minutes, they are a bit dated. The data since then is split. The april payrolls was quite strong, which supports those in the committee that wanted to see a hike in june. But april inflation cpi data was extremely weak, so that will run the other
Step in removing some policy accommodation. The time of this meeting, the committee was going with a lot of weak data, weak gdp data from quarter one and weak inflation data from march, and they made references to that data being transitory. There was a clear debate around the idea of inflation and where inflation was heading. Some in the committee are more wordy ofried about the prospect overshooting inflation as unemployment continues to fall below the levels they think are the lowest sustainable levels for unemployment, while others on the committee are worried that some of the most recent data on inflation signals that there may be a pause and price rises there, so perhaps the committee should be cautious about raising. One caveat to these minutes, they are a bit dated. The data since then is split. The april payrolls was quite strong, which supports those in the committee that wanted to see a hike in june. But april inflation cpi data was extremely weak, so that will run the other