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John live look at the Federal Reserve where a decision on the future of Interest Rates is imminent. We should get it any second now. This announcement should have major implications for americans feeling the pinch of inflation. We do expect federal Reserve Chairman Jay Powell Toehold a News Conference later this hour as is traditional. With that, John Roberts and washington. Sandra Sandra Smith in New York. Might as well sell myself because right now you are looking at a bit of a turnaround. What are we looking at with the dow . But the Tick Marks not indicating that peer do you see that . The Tick Mark is read. We are going to look at that because i dont know what that is. A minute ago it was flat now it is up okay, the decision is now, okay, 50 Basis Points. The Tick Mark is not on the screen but that is accurate. The dow is now up 323 points, john. That Tick Mark there it is there it is. All right, so this was highly anticipated. Kel ....
Just coming in right now. The Federal Reserve has announced a half a point. That was not the most expected. Most of what i read was a Quarter Point expected. It was a toss up, and really heres the thing, the Federal Reserve raised Interest Rates to get inflation down. The more recent readings we have gotten on the economy the last six weeks since the last time they announced decision is pointing to a weakness in the labor department. To cut into unemployment and make more people get out of jobs or increase unemployment further, well, thats the reason why they wanted to dramatically cut Interest Rates. They decided to do so by half a Percentage Point. Economic activity has continued to expand at a solid pace. Job gains have slowed. Well have to see what Fed Chair Jerome powell says to explain cutting Interest Rates by a Half Point. ....