Losing to 84. 29, the main thing keeping yields at this elevated level is that concern that the fed will keep rates for higher for longer. My gut is the fed raises one more time. Why not, it is built into the market and the question is how quickly think can they cut and it certainly will not happen before the second half of next year. My fear is that this ticks around for longer than the market expects that this ticks around for longer than the market expects. Matt Abigail Doolittle has more on this unprecedented rise in bond yields. Abigail it is incredible and the idea that we can see more mark for more height from the fed, i wouldnt be surprised if there is more than that and the question for cutting, i dont see how that comes into play given the fact that the fed has not talked about that as all. At all. Taking a look at yields, look at that huge backup. This is a big upside down world between the two year and the other parts of the curve. That two year yield above 5 and really pav
Dann cuellar is live now in bensalem. I hope everyone is hungry we are in a wonderful home in ben same ex. The home of joe and michelle. Joe is an er nurse at holy redeemer and michelle she is an all state insurance agent. You are cooking since 10 00 this morning . Since 10 00. Its a team effort and michelle is doing the side dishes and mashed potatoes and all the other stuff. Stuffing i helped with. You have a lot to be gaitful for. My faxly and my children and my friends and my job. And health. Especially health. What but michelle . The same i amex extremely grateful to have my parents home for the first time in 4 years and our health and beautiful four daughters. Right . And that is awesome. And guess who will say grace here . Two girls gianna and michaela. Bless us o lord and bless these gifts we are about to receive from our bounty dear christ our lord amen. Thank you god for our family and friends and health and our our firefighters and Police Officers and military, our doctors,
Changed by that. Index fort 1. 9 bce 2018, hits the target of 2 in 2020. It doesnt change Interest Rates, the dot plot stays about the same and the median forecast consensus of three may removes next year and two and 2019. Rate ofange terminal 2. 8 . As for todays decision, the members decided an economy growing at a solid pace with solid job growth, as you average through the hurricane related fluctuations. As the forecast shows, they do expect inflation to pick up, though as they said in september and in november, their monitoring inflation developments closely. Instead of expecting it to continue to strengthen somewhat further, the field linguist. The new language expects the labor market to remain strong. Perhaps a little bit of a downgrade in terms of monthly job growth ahead. Dissents, the first time that weve seen dissents in favor of loser policy. The First Time Since 1983. What to make of it all . Not too much. This possibly we will have four new bank policy numbers. They rota
Low. And its projected as the population continues to age in the baby boomers retire that that ratio will continue to rise in an unsustainable fashion. So, the addition to the debt taking what is already a significant problem and making it worse is it is of concern to me, and i think it does suggest that in some future downturn, which could occur just for whatever reason, the amount of fiscal space that would exist for fiscal policy to play an active role it will be limited, it may well be limited. Sam fleming with the financial times. Couple of longer term questions, first of all, midway through the year, hot weather inflation targets might need to be raised. Obviously been a lot more debate and have had systems since then about this it may not be an imminent issue, it may be something the feds may be discussing over the coming years. Some sort of change to the inflation target second of all, the amount of stimulus tools that the fed may have at its expo sal are fairly limited. One of
Accommodation will sustain the strong labor market while fostering a return of inflation to 2 consistent with the maximum employment and price stability objectives assigned to us by law. The decision i will review recent Economic Development in the outlook. Following a slowdown in the first quarter, Economic Growth steps into a solid 3. 25 pace in the second and third quarters of the year. Household spending has been expanding at a moderate rate. Business investments have picked up. Favorable Economic Conditions abroad supported exports. Overall, we can continue to expect the economy will expand. T a moderate pace while changes in tax policy will likely provide some lift to Economic Activity in coming years, the magnitude and timing ofthe macroeconomic effects any tax package remain uncertain. Smoothing through hurricane related fluctuations, job gains averaged 170,000 per month over the three months ending in november. Well above estimates at the pace necessary to absorb new entrants