Wait for further evidence of continued progress toward the objective. For the sixth consecutive meeting, the federal open Market Committee let the fed funds target rate of 20 five basis points. Yes, job gains have been solid, and household ending is growing strongly, another direct quote, but Business Investment is slow and inflation remains low. Say exactly as a layer oreeled back two. For the First Time Since december 2000 13, three policymakers dissented from the majority. Mr. , and Esther George voted to raise Interest Rates to a half point at todays meeting. Ino, the word balance back the policy statement. Nearterm risks to the Economic Outlook appear roughly balanced. The Economic Outlook, i have to say, nothing to get excited about. The fed Economic Projections paints what i would describe as a dismal picture. No more than 2 over the next three years. 1. 8 over the longer run. That is why the fed dramatically trajectory fore next year and 2018. Back to you in new york. The disse
That atlanta has and the priorities you have, how do you strategize on the investments in your people and where you are really putting the massive effort. Mayor we try to perform along the lines of excellence. What we are doing right now is trying to make sure that we have the bench strength to execute while knowing that the city is one of the biggest multipliers for the economy. Is ayou want in a city fair referee and someone that runs a city so that a city does the thing it should do well. Exciting time in the life of atlanta. I have about 9000 employees, 8000 on any given day. What youre having is youre having all of the amazing employees who have done the good and noble work of Public Servants for years, but you have a new generation of individuals interested in Public Service, and who may have had a wonderful private sector career, but because they actually wanted to spend time in Public Service doing transformational work, folks like you are joining a government. What i am trying
Up to this point. After the gains we saw here, gains in oil prices, this morning the dax is up by 0. 8 . The cac and ftse 100 up by better than 1. 1 . Italian market, spain market, gains across the board better than 1 . Lets check out currencies right now. You can see the dollar is up across the board. Euro at 112. 11. Dollar yen at 101. 40. All of this is because of what we saw with oil prices. That is the big story were watching now. Watching it quite closely. Prices spiked yesterday on word that opec agreed to limit production, meaning the cartel would cut for the First Time Since the financial crisis. Today traders are focusing on the lack of detail, thats putting pressure on prices. Goldman sachs saying the opec deal should add 7 to 10 to oil prices the first half of next year but longer term the firm is skeptical. The analyst says if this proposed cut is strictly enforced and supports prices they would expect it to prove selfdefeating medium term with a large drilling response ar
Chair Janet Yellens News Conference in just under 90 minutes from now. This is our brangelina. Melissa . Thank you, tyler. Im melissa lee. Were looking live at capitol hill. Tyler mentioned epicenter, d. C. Is today, where the ceo of pharma giant mylan son to be grilled about the controversial pricing of the epipen. Heather brush set to face members of the house. Well take you there live. Ill Brian Sullivan. As tyler and melissa noted, must see tv for your money. We begin with what else, the countdown to the Federal Reserve decision, a clock. If youre on the radio, picture a clock. There is 58 minutes and 39, excuse me, 37 seconds until that decision. Lets get right now to Steve Liesman live in washington with the setup on arguably maybe one of most interesting fed meetings that we have had in a long time, steve. Most definitely, brian. Fed expected to keep rates unchanged. There is some concern, some market murmurs about maybe a surprise by bill grows. He fanned those flames suggestin
Anna welcome to the program. It has just gone 6 00 in the morning here in london. Focus is going to be on the question of exit of brexit, the future of the u. K. Nervousness over the weekend of how weak the pound would be. The mayor of london decided he was going to back calls for a brexit. Moodys saying that it would be credit negative for the u. K. A lot of volatility in the currency markets. Manus the brexit campaign, will it be a campaign of fear . Euro sterling trading at 77. 78. Lovely one. This this is about volatility taking back to the u. K. Election in 2015. We were way above that level. The volatility is high. What it will be in six months time is rocking higher. Strategists say that dollar sterling will go to 1. 4080. The short positions in the marketplace. The least bearish on sterling since january 12. Anna lets talk about what Boris Johnson has said, the waves he created over the weekend when he announced that he wants to back a brexit. This comes from his article in the