Policymakers say soft Global Growth and Financial Market volatility pose risks to their economic outlook. Recent Economic Data shows some firming. This morning we learned core Consumer Prices which exclude food and energy rose. 3 last month, that was more than expected and the notion that the fed will delay some rate increases sent stocks higher and bond yields higher. The Dow Jones Industrial average gained 74 points to 17,325. The nasdaq added 35 and the s p 500 rose 11 to its highest level this year. Steve liesman reports on why the fed seems uncertain about the economic recovery. Reporter a dovish Federal Reserve kept Interest Rates unchanged in its march meeting and suggested it would be very cautious about future rate hikes. In fact, it slashed the number of hikes it forecast this year with the average number of rates, the committee now seeing just two rate hikes this year down from four. The fed gave a fairly upbeat assessment of the u. S. Economy and jobs but was clearly concer
Policymakers say soft Global Growth and Financial Market volatility pose risks to their economic outlook. Recent Economic Data shows some firming. This morning we learned core Consumer Prices which exclude food and energy rose. 3 last month, that was more than expected and the notion that the fed will delay some rate increases sent stocks higher and bond yields higher. The Dow Jones Industrial average gained 74 points to 17,325. The nasdaq added 35 and the s p 500 rose 11 to its highest level this year. Steve liesman reports on why the fed seems uncertain about the economic recovery. Reporter a dovish Federal Reserve kept Interest Rates unchanged in its march meeting and suggested it would be very cautious about future rate hikes. In fact, it slashed the number of hikes it forecast this year with the average number of rates, the committee now seeing just two rate hikes this year down from four. The fed gave a fairly upbeat assessment of the u. S. Economy and jobs but was clearly concer
Policymakers say soft Global Growth and Financial Market volatility pose risks to their economic outlook. Recent Economic Data shows some firming. This morning we learned core Consumer Prices which exclude food and energy rose. 3 last month, that was more than expected and the notion that the fed will delay some rate increases sent stocks higher and bond yields higher. The Dow Jones Industrial average gained 74 points to 17,325. The nasdaq added 35 and the s p 500 rose 11 to its highest level this year. Steve liesman reports on why the fed seems uncertain about the economic recovery. Reporter a dovish Federal Reserve kept Interest Rates unchanged in its march meeting and suggested it would be very cautious about future rate hikes. In fact, it slashed the number of hikes it forecast this year with the average number of rates, the committee now seeing just two rate hikes this year down from four. The fed gave a fairly upbeat assessment of the u. S. Economy and jobs but was clearly concer
Right now theres no right now theres no word of injuries or major damage. Right now an update to a Traffic Alert we first told you about livea t five. You about t vea t five. Cbs 2 newew reached out t the Iowa Department of transportation. They tell us, as of fifteen minutes ago, i380 is re opened after a crash near boyson road. A semi overturned. We dont know if there are aa ininries at this time. Well continue to follow the lastest developments and bring you the latest on fox 28 news at nine and on the cbs 2 news ten at 10. In cedar rapids, first resonders spent hours today rescuininfour people stranded on a sand bar in prairie creek. Crews were called to the area of j street southwest and Hawkeye Downs road at about 10this morning. The Fire Department tell cbs 2 news, three adults and a teen were riding on an allterrain vehicle near the creek when they flipped it and landed in the water. Rescue attempts were hampered by prairie creeks rong currenenfortunately, one was hurt. The fall
And rain. A thudnerstorm warning was issued for parts of washington county, but so far no reports of serious damage. The storms might have been responsible for this semi crash on i380. The semi was knocked over north of boyson road, backing up traffic in both directions while crews cleared the scene. So far theres no word on any injuries in this crash. Fortuantely, the threat for Severe Weather for the corridor is over. Over. For more on what to expect tonight, we turn to Marissa Scott in for chief meteorologist terry swails with your weather first forecast, marissa . Heres a look outside. Doppler radar shows some light rain east of cedar rapids and some light snow showers mainly in our evening. Well see cloudy skies through the remainder of the night with some gradual clearing. Some gradual clearing. Reduced visibilities in northeast iowa but for the most part we are seeing improvements on the roads. However some roads are still wet and slick, in fact some icy roads are in central iow