May have to raise rates very quickly in the future. And she says that due to raising rates are not raising rates due to market volatility is something the fed should be very wary of. She says she reduced her rate path for the fed funds rate from december to march. But says now the economy has shown considerable resilience. Recent inflation data, she says, has been somewhat encouraging and she expects wages to accelerate as the labor market tightens. She sees strength in Consumer Spending with strength in housing. Now, one curious line in here, she says i did not descend from the march decision as if somebody was asking her that question. As far as i know, brian, nobody asked her, but it makes me think that miss mester is not far from descenting if the fed does not move relatively soon here. I didnt steal the candy. Exactly. Im glad you see that. The line kind of sits out there, i did not dissent, as if somebody expected her to dissend, i sort of did. She felt a need to explain this to
Wildfire thats engulfing canadas oilrich province of alberta, disrupting production and sending ripples through the Global Energy markets. Oil companies are evacuating workers, shutting plants or reducing production. The disruption sent Oil Prices Higher initially, above 46 a barrel. But when reports came in that some production may be returning, the gains were paired, settling up 1 with respect to just above 44. Dierdre bosa is in wood buffalo, alberta, with more on the blaze, the thousands displaced, and the damage its done. Reporter clogged highways. An overwhelmed airport. And an entire city evacuated. This is ft. Mcmurray, the heart of canadas oil fans. And its on fire. As of this morning a total of 49 wildfires raged in alberta over more than 300 square miles. Our thoughts are turning to our friends in alberta. Obviously ft. Mcmurray being evacuated has been extremely difficult, not just for the province and officials but for the folks who live there. Reporter strong, shifting wi
Wildfire thats engulfing canadas oilrich province of alberta, disrupting production and sending ripples through the Global Energy markets. Oil companies are evacuating workers, shutting plants or reducing production. The disruption sent Oil Prices Higher initially, above 46 a barrel. But when reports came in that some production may be returning, the gains were paired, settling up 1 with respect to just above 44. Dierdre bosa is in wood buffalo, alberta, with more on the blaze, the thousands displaced, and the damage its done. Reporter clogged highways. An overwhelmed airport. And an entire city evacuated. This is ft. Mcmurray, the heart of canadas oil fans. And its on fire. As of this morning a total of 49 wildfires raged in alberta over more than 300 square miles. Our thoughts are turning to our friends in alberta. Obviously ft. Mcmurray being evacuated has been extremely difficult, not just for the province and officials but for the folks who live there. Reporter strong, shifting wi
Wildfire thats engulfing canadas oilrich province of alberta, disrupting production and sending ripples through the Global Energy markets. Oil companies are evacuating workers, shutting plants or reducing production. The disruption sent Oil Prices Higher initially, above 46 a barrel. But when reports came in that some production may be returning, the gains were paired, settling up 1 with respect to just above 44. Dierdre bosa is in wood buffalo, alberta, with more on the blaze, the thousands displaced, and the damage its done. Reporter clogged highways. An overwhelmed airport. And an entire city evacuated. This is ft. Mcmurray, the heart of canadas oil fans. And its on fire. As of this morning a total of 49 wildfires raged in alberta over more than 300 square miles. Our thoughts are turning to our friends in alberta. Obviously ft. Mcmurray being evacuated has been extremely difficult, not just for the province and officials but for the folks who live there. Reporter strong, shifting wi
Global commodities crush. And tracking the big storm. Hurricane Joaquin Phoenix may miss the east coast. Were not out of the roads yet. Stocks wiping out the big losses there this morning. The dow was down as much as 258 points earlier. Now its up by 44. The s p by 5. Lets get more. Whats behind the turnaround, bob . Initially, the trades cant decide if bad news is good news again. I want to show you what happened. Take a look at the s p 500. We dropped more than 20 points on the future. We gapped down at the open for the s p 500. I think europeans look to the u. S. For growth help, they initially thought that this might be good news. It wasnt. They, too, also sold. But then, things turned around. If you put up the s p intraday, we had a series of strong rallies about 10 15 or so. Every ten or 15 mine out minu, spikes. You cant see the volume here. The dollar is notably weaker. Thats a big help to global multinationals. E emerson, dover. Inger solrand. Were seeing the Building Products