We could sink our pals for giving clear signed today when they spoke at the federal Market Committee leaving these things unchanged. He mightve well done so, its really this simple you could timestamp the worse of the fed chief at his press conference with a charged s p rebound he made some comments right then to new heights it was perfectly tied that you had no wonder about how he got into the. To he became the bulls friend for a while. Going into he close gavel, things are very skittish but you know what, lately weve been worried about persistent inflation and shelter, cars, and foodstuffs which could have forced the fed to raise rates again. There are signs of softness, its all over the place but fortunately jay powell is worried more about the brown trees than the green trees. Hes not talking about tightening he thinks that inflation will go away on its own making it more of a dove than a hawk. The worstcase scenario for stocks he actually made a joke. He said he didnt see this or
Also announcing a Share Buyback worth 300 million. Always lots of airlines pu ns. , in theof up and down bond market, this chart 6473, a constant worry for Market Participants when they look at the highyield corporate debt markets represented by the white line. We have seen a declined in the highyield Corporate Bond etfs. That has some worried whether this decline will spillover into equity markets. That does not seem to be the case when you look at the gap between highyield debt and 10 year treasuries. Range, has stayed within represented by the blue line, and that is reassurance or market watchers, seeing the highyield behaving like what we are seeing in treasuries, so not likely to be a catalyst if there was more market turmoil. We dont see contagion when it comes to the credit space. The price action after the fed minutes, we got more clarity, but towards the late part of the session, yields picking up on the 10 year, stocks tumbled, the dollar reversing come so it seems like there
Francine welcome to the pulse or call the pulse. Super thursday has been dubbed the thursday of the year. The bank of england is said to publish a slew of data. The boe decision minute of it meeting are being released at lunchtime as the governor mark carney works to improve transparency. In this torrent of data, how many members are we expecting to call for an Interest Rate hike . That is the big question. The majority of economists do expect a split in the vote. There are nine members. 19 of the 20 economists surveyed by bloomberg expect if it expect a split. More than half expect to members to vote for decision. We have seen some vote for tighter policy, they dropped that in january when they all inflation fall. They will be closely watching to see of any others vote. Francine the strength of the currency is also compensating things for the governor. Absolutely. This is a tight rope he will have to walk as he delivers his press conference. The pound in the past month has been streng
Spot. The damage so far and where the storm is right now. Were tracking it all. And a good friday morning to you all. Im diane macedo. And im nick watt in for kendis gibson. New advisories overnight have more of south florida under a hurricane warning. The storm is currently passing between the bahamas and cuba on a direct path from miami. Irmas winds have diminished a little but at 160 Miles Per Hour it is still a category 5 hurricane. The red on the map shows areas under a hurricane warninging all of metro miami anticipate the keys and stretch up to vero beach. Mandatory evacuation orders cover at least 1. 2 Million People in florida. All Public Schools and colleges are closed today and monday due to the storm. Now, airlines are flying larger planes in to try to get more people out but it is still very difficult to get a flight. Abcs Stephanie Ramos is in miami and joins us now with the latest. Stephanie, good morning. What are you seeing . Reporter diane and nick, good morning. Righ
The damage so far and where the storm is right now. Were tracking it all. And a good friday morning to you all. Im diane macedo. And im nick watt in for kendis gibson. New advisories overnight have more of south florida under a hurricane warning. The storm is currently passing between the bahamas and cuba on a direct path for miami. Irmas winds have diminished a little, but at 155 Miles Per Hour it is still a category 5 or category 4 hurricane. The red on the map shows areas under a hurricane warning including all of the metro miami and the keys. The hurricane watches stretch all the way up to vero beach. Mandatory evacuation orders cover at least 1. 2 Million People in florida. All Public Schools and colleges are closed today and monday due to the storm. Now, airlines are flying larger planes in to try to get more people out, but it is still very difficult to get a flight. Abcs Stephanie Ramos is in miami and joins us now with the latest. Stephanie, good morning. What are you seeing .