Of energy. Will he get his weight . Way . Thats what you need to know. Fed decision. Bloombergs Michael Mckee. The lead line today, the fed finally nails Economic Projections except the one that matters, rate hikes. Inflation. What does it mean . Michael it may be the fed last hurrah. Wall street moves from the tempo to the capital and fiscal policy. The fed is going to be moving from what are you going to do in reaction to the economy to what are you going to do in reaction to fiscal policy . Where itmeeting about is. With a chart of inflation and unemployment as a are converging to where they said they would be. It is time to raise rates. That is why you do not see arguments from the market. What do they do is donald trump gets Infrastructure Spending and tax cuts through and the economy heats up . That is an open question. I have one other chart i want to show you. Monetary policy, even if the fed moves, very, very loose. Monetary conditions index is moving slowly, real rates are ne
Island near the bahamas thursday. The same island where debris was found saturday. A coast guard crew recovered a lifeline from the ship called el farro, search teams have searched a debris field that could be from the ship, 33 people were on board. Heavy rain storms are expected to continue today in South Carolina, the coast guard and local agency made hundreds of rescues including that of a woman and her 15monthold they be. They had gotten trapped in fast moving flood waters near charleston yesterday. Rainfall totals over the weekend ranged from 14 to 24 inches and some roads were no match for all that water. We havent seen this level of rain in the low country in 1000 years. Thats how big this is. At least five storm related deaths have been reported in South Carolina, in the capital, columbia, a dam break flooded major thoroughfares. A Flash Flood Watch remains in effect for many areas because more rain is in the forecast today. Time for our weather and a little traffic, i woke up
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