Making her last stand, raising rates for the third time this year and the fifth time since the financial crisis Steve Liesman was at the press Conference Reporter hi, melissa the Federal Reserve raising the Interest Rates by a quarter point, that is the highest its been since 2004. The fed forecasting three more rate hikes, boosting its growth forecast next year to 2. 5 in part because of coming tax cuts. It also lowered its outlook for unemployment to 3. 9 and continues to believe that inflation would eventually move up to its 1. 9 target. There is nothing flashing red there or possibly even orange. We have a much more resilient stronger banking system. And were not seeing some worrisome buildup in leverage or credit growth at excessive levels so, you know, this is something that the fomc pays attention to. But if you ask me is this a significant factor shaping Monetary Policy now, well, its on the list of risks its not a major its not a major factor reporter yellen said the tax cuts
Power lunch starts right now welcome. I im only slight movements and dow looks like it will end another week higher. What a year its been. The s p lower by 4 and nasdaq lower by more than 14. Some of the big single stock stories. Nike trying to drag the dow down the margins put had hit on weaker demand and cost cutting www too many ws, the wwe body slammed reports that Vince Mcmahon is selling shares to restart the old xfl. And san diegobased ignyta being bought by roche for 1. 7 billion. President trump leaving the white house for christmas, but he signed the tax bill into law before he left and more companies now saying that they will give out bonuses to their employees as a result of that tax bill live at the white house with more brian, thats right left the white house earlier today and the president is on his way to maralago where he will spend the christmas holiday. Before he left, he took care of a couple pressing matters of business signing the cr the continuing resolution that
Students to that a 1 interest rate. He voted against it. We should not have a cap. It is the wrong type of thing. The people paying the most taxes and never getting benefits back. We need to take care of the low and middle class without a doubt. We should increase the base level for our income tax rate starts. It should not start at a few thousand or higher. That is where we need to give them a break. Every middleclass person. Governor deal, thousands across the state and counties have cast ballots in this election. Sunday voting has upset many in your party who have said they would eliminate and you said you expect lawmakers to bring some degree of uniformity in election law next session. Isnt the best solution to ensure that all 159 counties, every eligible and interested voter has an opportunity to participate and the state support that . I would hope every eligible and registered voter exercises their opportunity to vote. I think is going to be an issue that the General Assembly wi
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