Bloomberg. You mentioned housing and todays gdp data when you look at that, do you believe that you have achieved a soft landing or are achieving a soft landing in the sense that removing to trend growth the rest of the year and next year that is our outlook overall, is for moderate growth of around 2 , pretty close to trend. Thats our outlook could be better. Could be worse you know, you never say youve achieved it. But thats our outlook we feel like our current stance of policy is appropriate as long as that remains broadly our outloo outlook. Donna borak with cnn. Chair powell, setting aside expectations for todays rate cut, obviously 97 sort of expected this would happen today, can you tell us more about the rationale behind moving at this particular meeting as opposed to waiting six weeks and cutting in december and if there was any discussion about that around the table . Thanks. Yeah. I think this seems to be the right movement you can see we had our usual range of prospects, ra
The bond market flashesing a warning sign for the u. S. Economy. Germany and china both painting a negative picture, and energy financials, semiconductors are leading the declines, which are severe the dow at the low of the session down 782 were down 750 points as we speak. Chris, a crazy day for the markets. Lesss focus on the s p 500. What have been the key levels we have gone through and what are you watching from here i think its striking today feels worse than last week, but the s p trades above, so 2822 was the low, im going to guess theres probably more work to do on the down side. From the lows from may i think we need to put this into some context we need to remember that the s p is up 14 year to date weve entered this period from a position of strength thats different from the summer of 15 or the fall of 18. So i think the temptation is not to get too bearish just yet. If this is the start of a topping process, that will play out over time. Where to see those strengths . We l