Today, and then he said he did not think they needed to do 50 basis points. That is one of the key questions wall street has had. How far do they go if they go on july 31 . Suggestions from jay powell suggest the center of the fed has not changed. They will closely monitor the data and act as appropriate, which is exactly what he said at his News Conference a week ago after the fed meeting. He said the economy is in pretty good shape, describes in the same way that he did with strong consumer spending, weak business spending, concerns about trade. Nothing new from powell in his remarks that would change the calculation. However, he will be taking questions from people at the council on Foreign Relations, so we may look for some elucidation there. Vonnie repeating again that the fed is weighing whether uncertainties call for using. Call for using. Call for easing. I was struck by what kathleen asked, bond buying in europe, and also japan. He made comparisons in some ways to both economi
Youre watching daybreak asia coming to you live from new york, sydney and hong kong. Counted up to the major market opens. The top stories this hour, asia set for a risk offer, from the july minutes touching intraday highs not seen since october and the end at its lowest level this year. The Central Bank Policy makers are still seeing significant upside risks to inflation, which could require further Interest Rate hikes, and reports of rare protests in beijing as one of chinas biggest shadow banks skips payments on Retail Investment products. Lets switch look at u. S. Futures, stocks to get on the chin today after the minutes from the feds july meeting shows that the vast majority are resigned to at least considering the possibility that more rate hikes will be needed. Some mixed close, but seven at seven lead to the downdraft with some big tech names like amazon and tesla. You could see again, right on the screen, still there, but i would call this unchanged. Markets, the whole world
Out, be ok very much in the mix. They are done with one. Have a look at this other chart. The question now is when do they follow up with the first rate hike in six or seven years . When you look at the spread between the three year and seven day, you still look at real rates which is the bottom one, still negative. You would assume that this one corrects both for the middle. Which essentially means either they hike once more which is or inflationthinks picks up which of the be ok says they will. At these, it does seem they are not done hiking rates. The question is when and whether or not the bond markets will listen. While we are talking about this, one is extending its losses as the governor continues to speak. Sophie has been tracking the moves. A lot to be thrown today. Dodging quite a bit. They have been able to resilient in the face of north korea. We have seen the korean won stick below that 1100 level for some time. As the governor spoke, we saw that slump in the korean won de
94 years old. Tonight his widow speaks to fox 5 as we learn more about the on and the wild weather roller coaster continues, the changes on the way that could affect your weekend plans. But we begin tonight with breaking news, that crippled accuse ship listening towards land is expected to reach limping towards land is expected to reach the u. S. Shore in an hour and a half. Thanks for joining us tonight. Im shawn yancy. Im brian bolter. Its the end to a nightmare vacation for thousands of passengers on board talk nothing power, no working bathrooms for many. The horrible heat and smell forced some passengers to sleep outside on the top deck. Fox 5s will thomas is following the story for us. The cruise ship is pulling up to the dock right now and for the 4,200 passengers and crew aboard they cannot get off that ship soon enough. Lets take another live shot of the cruise ship. Its already been cleared by customs, so we expect to see the first passengers walk off within 30 minutes of bei