To the Federal Reserves 2 goal. The briefing is 50 minutes. Chair powell good afternoon. My colleagues and i remain squarely focused on our dual mandate to promote maximum employment and stable prices for the American People. The economy has made considerable progress toward our dual mandate objectives. Inflation has eased substantially over the past year while the labor market has remained strong and thats very good news. But inflation is still too high, further progress in bringing it down is not assured, and the path forward is uncertain. We are fully committed to returning inflation to our 2 percent goal. Restoring price stability is essential to achieve a sustainably strong labor market that benefits all. Today, the fomc decided to leave our policy Interest Rate unchanged and to continue to reduce our Securities Holdings, though at a slower pace. Our restrictive stance of Monetary Policy has been putting downward pressure on Economic Activity and inflation, and the risks to achiev
Chairman Jerome Powell announcing the benchmark Interest Rate will remain unchanged due to inflation still remaining too high and says it is unlikely there will be a rate hike in the near future, saying the current rate is sufficiently restrictive for lower inflation to the Federal Reserves 2 goal. The briefing is 50 minutes. Chair powell good afternoon. My colleagues and i remain squarely focused on our dual mandate to promote maximum employment and stable prices for the American People. The economy has made considerable progress toward our dual mandate objectives. Inflation has eased substantially over the past year while the labor market has remained strong and thats very good news. But inflation is still too high, further progress in bringing it down is not assured, and the path forward is uncertain. We are fully committed to returning inflation to our 2 percent goal. Restoring price stability is essential to achieve a sustainably strong labor market that benefits all. Today, the f
The s p back up. The nasdaq outperforming today, 164, a gain of 1. 25 . The 10year note yield gets as high as 4. 88, down to 4. 76. So, rates come down, stocks go up. Joe terranova, what do you make of this . Maybe we dont wait until october 13th for low to bottom. Maybe well do it today. This is strong price action. This is the type of price action that leads you to believe that we are certainly building a base in which we could rally through q4. We kind of came off the bottom led by where the leadership has been in 2023, and thats been the megacaps. Were seeing a little bit of a broadening out of the rally as the day is moving on. S p equal rated is actually rallying along with the s p, so thats encouraging. Only one sector is in the red. Thats staples. Its kind of industrials start, financials piled on, tech doing its thing, and now every sector but staples in the green. I say focus on the price action. What will be important is next thursday, the cpi report, and will the cpi report
To the Federal Reserves 2 goal. The briefing is 50 minutes. Chair powell good afternoon. My colleagues and i remain squarely focused on our dual mandate to promote maximum employment and stable prices for the American People. The economy has made considerable progress toward our dual mandate objectives. Inflation has eased substantially over the past year while the labor market has remained strong and thats very good news. But inflation is still too high, further progress in bringing it down is not assured, and the path forward is uncertain. We are fully committed to returning inflation to our 2 percent goal. Restoring price stability is essential to achieve a sustainably strong labor market that benefits all. Today, the fomc decided to leave our policy Interest Rate unchanged and to continue to reduce our Securities Holdings, though at a slower pace. Our restrictive stance of Monetary Policy has been putting downward pressure on Economic Activity and inflation, and the risks to achiev
Before the Senate Energy and Natural Resources committee watch the full hearing tonight at 8 00 oclock eastern on cspan2. Our free mobile video app or online at cspan. Org. Cspan is your unfiltered view of government. We are funded by these Television Companies and more including comcast. You think this is just a community center, no, it is way more than that. Creating wifi enabled cell so students from low income families can get the tools they need to get ready for anything. Comcast support cspan as a Public Service along with these other Television Providers giving you a front row seat to democracy. Next Federal Reserve chair Jerome Powell announcing that the benchmark Interest Rate will remain unchanged due to inflation still remaining to hides. He says it is unlikely there will be a rate hike in the near future saying the current rate is efficiently restrictive furloughing inflation to the 2 goal. The briefing is 50 minutes. Considerable progress toward our dual mandate objectives