the question is sort of the yellen/dudley more dovish wing of the fomc as to whether or not they re adamantly opposed here, but the other guys, i think it was about letting the markets settle down and waiting to see if there was anything more serious that the markets were telling us from the recent volatility. but if things have passed and they seem to be quite a bit calmer than they were previously, then i think that group of people we were just talking about are quite comfortable hiking rates. steve, thanks so much. the markets were already moving lower throughout the last 45 minutes or so because of what s been going on in health care. they re going to react to this more in the minutes ahead. steve weiss, it brings up the question again, if the fed acts in the next month, stocks are going to blow that off? look, i don t know market can go up if the fed hikes rates? i believe that if we get everything else sort of more comfortable, the markets trade up. i just don
decided not to raise interest rates. in part because of a slowdown in china and heightened volatility around the world. the dow jones industrial average fell 290 points to 16,384. the nasdaq dropped 66. the s&p 500 sank 32. for the week the dow and the s&p closed lower. the nasdaq was higher, posting its first back-to-back weekly gains since may. but there was something else that the federal reserve said yesterday that could be cause for concern over the longer term. steve liesman explains. reporter: when it comes to the economy over the next several years, what you see is what you get as far as the federal reserve is concerned. the unemployment rate, it s 5.1% now in the fed s latest forecast is that it will only fall ever so slightly to 4.8% and stay there through 2018. inflation, the fed has been aiming for and missing a 2% target for several years. it s going to miss it for several more. the latest forecast doesn t see 2% inflation until 2018. the big news yesterday t
decided not to raise interest rates. in part because of a slowdown in china and heightened volatility around the world. the dow jones industrial average fell 290 points to 16,384. the nasdaq dropped 66. the s&p 500 sank 32. for the week the dow and the s&p closed lower. the nasdaq was higher, posting its first back-to-back weekly gains since may. but there was something else that the federal reserve said yesterday that could be cause for concern over the longer term. steve liesman explains. reporter: when it comes to the economy over the next several years, what you see is what you get as far as the federal reserve is concerned. the unemployment rate, it s 5.1% now in the fed s latest forecast is that it will only fall ever so slightly to 4.8% and stay there through 2018. inflation, the fed has been aiming for and missing a 2% target for several years. it s going to miss it for several more. the latest forecast doesn t see 2% inflation until 2018. the big news yesterday t
decided not to raise interest rates. in part because of a slowdown in china and heightened volatility around the world. the dow jones industrial average fell 290 points to 16,384. the nasdaq dropped 66. the s&p 500 sank 32. for the week the dow and the s&p closed lower. the nasdaq was higher, posting its first back-to-back weekly gains since may. but there was something else that the federal reserve said yesterday that could be cause for concern over the longer term. steve liesman explains. reporter: when it comes to the economy over the next several years, what you see is what you get as far as the federal reserve is concerned. the unemployment rate, it s 5.1% now in the fed s latest forecast is that it will only fall ever so slightly to 4.8% and stay there through 2018. inflation, the fed has been aiming for and missing a 2% target for several years. it s going to miss it for several more. the latest forecast doesn t see 2% inflation until 2018. the big news yesterday t
50 s. 51 degrees boston. 51 in plymouth. 55 already on the vineyard and 54 degrees on nantucket. but it is much cooler up through the merrimack valley. you can see we re at 30 degrees in concord as well as in keene. as we go through the next 12 hours, we are going to keep temperatures in the 50 s and warming up to near 60 degrees in some spots like boston, the south shore, the cape and the islands. we re going to stay in the 50 s up through northern massachusetts as well as southern new hampshire. the big reason is this. we have clouds coming in right now. they are associated with a back-door cold front. this cold front slowly working its way in as we head through the afternoon and into the evening. and then we re going to watch this area of low pressure here which is actually going to be our next chance for some significant rain. we ll talk about when coming up. antoinette and frank. antoinette: danielle, thank you. right now. police want to know who left a military rocket a