Decade but it is not quite there yet. In the minutes from its last meeting, policy makers at the central bank made it clear that they still want to see further gains in the job market and more evidence. Inflation. Just today, the Labor Department said Consumer Prices rose just. 1 in july. So while the fed didnt say a hike is coming in september, it didnt say its not. And there in lies the confusion which played out in the markets midday. So mark your calendars. The next meeting is only a month away. When the fed does hike rates, and it will at some point, it will impact everyone who has a savings accounts, wants to take a home mortgage, has a car loan or wants to put money into the stock market. A controversial, even confusing set of minutes from the Federal Reserves july meeting came out in which the markets could be seen as a dovish or indicating a rate hike. Some saw them as neutral or even hawkish. The fed said most of the minutes of the board judged the minutes. However, they said
Yet. In the minutes from its last meeting, policy makers at the central bank made it clear that they still want to see further gains in the job market and more evidence. Inflation. Just today, the Labor Department said Consumer Prices rose just. 1 in july. So while the fed didnt say a hike is coming in september, it didnt say its not. And there in lies the confusion which played out in the markets midday. So mark your calendars. The next meeting is only a month away. When the fed does hike rates, and it will at some point, it will impact everyone who has a savings accounts, wants to take a home mortgage, has a car loan or wants to put money into the stock market. A controversial, even confusing set of minutes from the Federal Reserves july meeting came out in which the markets could be seen as a dovish or indicating a rate hike. Some saw them as neutral or even hawkish. The fed said most of the minutes of the board judged the minutes. However, they said the conditions for the first hik
Were getting you ready for another bitter blast of arctic air in the tri state region as we deal with ice and snow on the sidewalks and roads which can make it a hazardous start to the day. Award winning Actress Meryl Streep gives a golden globe speech that has everyone silent in the audience and her words were directed to the president elect. Lets go over to david murphy talking about this cold and karen rogers talking about the bit of an icy commute. Good morning. Reporter its definitely a cold start if you were out yesterday you noticed the cold and the wind not as windy this morning, as you take a look at cloud cover its out to the west. Well start out with early sunshine, i think the clouds streak in pretty quick, we wind up with a clouds and sun mix through the day. Temperatures are on the cold side. 15 degrees in philadelphia. Thats a three degree improvement over the last hour. 12 in wilmington, and allentown. 11 in trenton. 1 in millville. The windchills even though the winds
Issues. About 30 minutes into the trading day in the u. S. Lets into the markets desk. Julie the preliminary reading on Consumer Confidence for june coming it at 94. 3, a slight decline from 94. 7 in may. It is above the slight average economics economist estimates. It was rated stronger than at any time since 2007. That is the fascinating figure from this. Tothe same time households not see the economy growing as fast as they did last year. That is what accounts for a little bit of slowing in Consumer Sentiment. The broader economy appears to be what is weighing on investors minds this morning. Not just here in the United States but around the globe we have seen a selloff as investors are trying to gauge the ability of Central Banks to stay off some kind of Global Economic downturn. Also people not necessarily wanting to be long in the weekend ahead of the week for the Federal Reserve that the bank of japan are meeting, and then ahead of the brexit vote. The nasdaq down by 1 . What we
Hour with another check of the weather as we do every morning and i woke again to similar conditions as we had yesterday. It is friday. Weve got that and comes into the weekend it will be notice burglary cooler today than we saw yesterday. Heres a live look for you. Temperatures, yeah, theyre pretty much where they usually are this time of day but we do have some of that fog and some drizzle along the coast potentially for us. 54 San Francisco and 54 for pleasanton. Matching that by about 4 00 dropping back to 57. West southwest winds 10fif fein miles per hour. Not meaning you wont see the son of course. Satellite picture reveals all of this and this is what were going to be treated to saturday morning as well as we start to warm up a little bit. Lets watch now the fog tracker for all of this. Yes this mixes out by early afternoon and well precipitate the pechl performance on saturday. Maybe some drizzle will be more aggressive tomorrow than we have today. Ready for school forecast. 50