Stay updated with breaking news from Bank supervision. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Market, that is the title. Retail earnings rolling out this morning. Economic data showing customers are slowing their spending. October retail sales data shows the slowest growth in about six month. Joining us to break it down is michael mckee, Bloomberg Economic and policy correspondent. Michael we call it getting whacked upside the head here in the colonies. In april, just a 0. 3 gain for the month of october, down from 1. 6 in the month of october, with the pendant was at its worst in april. Only five of 13 categories rose last month, compared with 11 of 13 in the prior month. October andm november seems to be getting worse. Jp morgan economists report that chase card spending has fallen notably in the first part of this month. It is, as they say, really dropping off,. That suggests a weaker month ahead. Who knows what will happen with black friday, if anybody cares about that anymore, but it is a clear americans are cutti ....
That broadly speaking if we dont get that, there would certainly be Downside Risks certainly through the channel i mentioned. Thank you cnn. Thanks for taking my question chairman powell, give us an update to the policy framework and repeated calls for this and this event, is the fed open to other parts of the economy such as income inequality and Affordable Housing we monitor everything we think is important in the u. S. Economy. In a broad sense, all of it goes into thinking about Monetary Policy you mentioned inequality so disparities in income and Financial Wellbeing demographic and racial categories, something we monitor carefully, inequality, which i would point to its a multifaceted thing, stagnation of nat the lower end of the income and lower mobi ....
And see where they stand creeping up. Over the seven handle at. 713. Well see what kind of core relation that may have with the equities market. Melissa, welcome to the club this morning it is great to be here and start the morning with you guys. I say that with a hint of sa sarkasm. Shes a regular you are ready to play. Always, you got to bring it each time. No i in team. Theres only a me upgrading laura overnight and learned it is rapidly intensifying and bracing for great winds. A category 4 with winds of 130 miles an hour. More than half a Million People have been ordered to evacuate from these areas 84 of off shore gulf production has been shut in compared to 90 in katrina not only is this having an impact on Oil Productions and industries from this storm that could impact tonight salesforce shares soaring after the ....
Shortly. What do you observe this morning, nejra . Nejra im observing headlines coming through right now from andrew bailey, in the core with journalists he is having right now, that it is clearly a commitment to take action, saying the qe program is highly aggressive and appropriately is so. Also saying there is no evidence the boe is targeting any part of the yield curve, but what is really interesting is we did see a little bit of differing views in terms of the decision today. There were policymakers that wanted to extend qe today, but the reaction to the fact we have had no change in policy today is coming. Analysts say we will get more qe in june or august or both, and the pound catching a bid off the back of the boe forecasting the vshaped recovery. That is what i find staggering. A 15 rebound in 2021. Tom i think you are dead on in that, nejra. There is no question what six out within all the excel spreadsheets and the heroic language at this moment, really with depressionera e ....