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Specifically to its next meeting, the last one of 2015. Stocks pulled back initially only to take off, rising more than 1 by the close. The Dow Jones Industrial average gained 198 points to close at 17,779. The nasdaq rose 65. The s p 500 notched a 24point gain. And the yield on the tenyear treasury rose. Steve liesman has more on the feds assessment of the economy and what it might do next. Reporter some big changes in the feds october statement that suggest a possible rate hike in december. The fed left Interest Rates unchanged, but it downgraded its concerns over Global Economic and financial development. Its now monitoring those issues, rather than saying its worried about their effects on the u. S. Economy and inflation. Second, the fed downgraded the job market, saying it slowed, even while it upgraded the c ....
Specifically to its next meeting, the last one of 2015. Stocks pulled back initially only to take off, rising more than 1 by the close. The Dow Jones Industrial average gained 198 points to close at 17,779. The nasdaq rose 65. The s p 500 notched a 24point gain. And the yield on the tenyear treasury rose. Steve liesman has more on the feds assessment of the economy and what it might do next. Reporter some big changes in the feds october statement that suggest a possible rate hike in december. The fed left Interest Rates unchanged, but it downgraded its concerns over Global Economic and financial development. Its now monitoring those issues, rather than saying its worried about their effects on the u. S. Economy and inflation. Second, the fed downgraded the job market, saying it slowed, even while it upgraded the c ....
Specifically to its next meeting, the last one of 2015. Stocks pulled back initially only to take off, rising more than 1 by the close. The Dow Jones Industrial average gained 198 points to close at 17,779. The nasdaq rose 65. The s p 500 notched a 24point gain. And the yield on the tenyear treasury rose. Steve liesman has more on the feds assessment of the economy and what it might do next. Reporter some big changes in the feds october statement that suggest a possible rate hike in december. The fed left Interest Rates unchanged, but it downgraded its concerns over Global Economic and financial development. Its now monitoring those issues, rather than saying its worried about their effects on the u. S. Economy and inflation. Second, the fed downgraded the job market, saying it slowed, even while it upgraded the c ....
Data and the service sector. This is the biggest part of the u. S. Economy. A faster pace in january than economist chad and his dated. A pickup as well. The rate was 56 point seven. Analysts were looking at 56. 4. You can see in december, we have 56. 5, was by the way was a sixmonth low. A good sign for the economy and we see stocks, they are racing he racing some of their losses. The dow is now positive and the nasdaq has trimmed its decline. The 10 year yield is Still Holding in the dollar is at the best level of the recession. All right. Thank you for that. We will continue to talk about that this morning. What a good segue. We really wanted to take a look at the temperature of the u. S. Economy the forest rather than the trees. Michael mckee and the bloomberg senior economist. What is the single biggest risk and drag on the economy. Confidence. A lot of crosswinds in an economic environments there. It could be a problem. A lot ....