Policymakers say soft Global Growth and Financial Market volatility pose risks to their economic outlook. Recent Economic Data shows some firming. This morning we learned core Consumer Prices which exclude food and energy rose. 3 last month, that was more than expected and the notion that the fed will delay some rate increases sent stocks higher and bond yields higher. The Dow Jones Industrial average gained 74 points to 17,325. The nasdaq added 35 and the s p 500 rose 11 to its highest level this year. Steve liesman reports on why the fed seems uncertain about the economic recovery. Reporter a dovish Federal Reserve kept Interest Rates unchanged in its march meeting and suggested it would be very cautious about future rate hikes. In fact, it slashed the number of hikes it forecast this year with the average number of rates, the committee now seeing just two rate hikes this year down from four. The fed gave a fairly upbeat assessment of the u. S. Economy and jobs but was clearly concer
Tuesday, march 29th. Good evening. Welcome. The chair of the Federal Reserve meant what she said. The central bank will move carefully and cautiously when determining when to raise Interest Rates. Janet yellen cited a weak Global Economy. The dow gained 90 points. The highest close of the year. The nasdaq added 79 and the s p 500 rose 17. Miss yellens tone remains in sharp contrast to other fed officials who during the past week were more upbeat on the committee and said the time is near to hike. We have more on the fed chairs cautious sign. The question is being raised has the Federal Reserve retreated from the rate rising regime. Markets from gold to fixed income to stocks reacting that janet yellen laid out an out look for rates today. She suggested greater gradualism is warranted in raising rates and emphasized the risk from Global Economic weakness to the u. S. Economy. Developments abroad implied that meeting our objectives will likely require a somewhat lower path to the federal
Policymakers say soft Global Growth and Financial Market volatility pose risks to their economic outlook. Recent Economic Data shows some firming. This morning we learned core Consumer Prices which exclude food and energy rose. 3 last month, that was more than expected and the notion that the fed will delay some rate increases sent stocks higher and bond yields higher. The Dow Jones Industrial average gained 74 points to 17,325. The nasdaq added 35 and the s p 500 rose 11 to its highest level this year. Steve liesman reports on why the fed seems uncertain about the economic recovery. Reporter a dovish Federal Reserve kept Interest Rates unchanged in its march meeting and suggested it would be very cautious about future rate hikes. In fact, it slashed the number of hikes it forecast this year with the average number of rates, the committee now seeing just two rate hikes this year down from four. The fed gave a fairly upbeat assessment of the u. S. Economy and jobs but was clearly concer
Ncht this is nightly Business Report with Tyler Mathisen and sue herera. I consider it appropriate to the committee to proceed cautiously in adjusting policy. The chair has the floor. The Federal Reserve janet yellen in major speech tells investors and her feds colleagues to chill the hot talk about higher Interest Rates. Controlling the pain. The white house out lines new initiatives and new money to fight the growing epidemic of Prescription Drug abuse. Tax tips. Whether youre a newlywed or just retired, your finances are changing and so will your annual return to uncle sam. All that and more tonight on nightly Business Report for tuesday, march 29th. Good evening. Welcome. The chair of the Federal Reserve meant what she said. The central bank will move carefully and cautiously when determining when to raise Interest Rates. Janet yellen cited a weak Global Economy. The dow gained 90 points. The highest close of the year. The nasdaq added 79 and the s p 500 rose 17. Miss yellens tone
About the republican front ru,nner while he was speaking at a summit on Nuclear Security. Good morning and welcome to today in new york. It is saturday the 2nd of april. So glad to be back with you. Im pat battle. Im gus rosendale. Glad to have you back. You know what is also back . Winter. Raphael miranda is tracking it. Winter is not here just yet, guys. We have a few more hours of relatively pleasant weather. Right now we do have some rain. Again, thats the least of our problems. Some light showers out there. And look at the temperatures. 54 degrees. Its a mild start. And yeah, you want to enjoy that 54 because temperatures are heading way down. Were tracking showers in the Hudson Valley along the jersey shore. Mainly light but going to be one of the dreary starts for the weekend. The winds are going to be dangerous. In effect for dangerous winds this is later tonight through tomorrow early afternoon. Were talking about damaging winds that could knock down trees and power lines. You