Statement the fed held back from changing its line on the balance of risks. A number of Committee Meetings were edging in that direction. What did they do . It seems a compromise here. They do not change the balance of the risk statement but they add that word further a couple of times in the statement. That change was explicitly in the context of the brightening outlook that fomc officials have for growth in 2018. Said they agreed to update the characterization of the expectation for the evolution of the federal funds rate in the postmeeting statement to point to further gradual increases. It appears this was a half step by the committee in january. Ok. Towards signaling a quicker pace of increases but a half step. Lisa thank you so much for that. U. S. Markets close in two hours. We are getting so much reaction and bond markets to the fed meeting minutes. Lets get a check on where stocks are trading. Taylor we are seeing highs of the day. Gains accelerate going into the meeting. We w
Nasdaq at 5,120. S p 5002,087 and the russell down almost a full percent. But we begin now with the big deal in health insurance. It is official. An them agreeing to buy cigna for 188 per share in cash and stock. An enterprised are value of 54 billion. Straight to bertha coombs. Combined anthem and sigma would unseat United Health to become the largest u. S. Health insurer with 150 billion in annual revenues. More than 50 million members covering nearly 1 in 5 americans. Anthems ceo joseph swedish aide mitts put admits putting the two big firms together will be challenging but with that scale they can generate operating savings and make them more affordable. It will improper our ability to serve customers across commercial medicaid medicare and International Markets and create greater efficiencies and afford ability for our customers. But the anthem deal taken with aetnas proposed merger with humana would result in the big five insurers becoming the big three. One antitrust lawyer tell
A real yield hogs, we consider the frenzy over the loan market. With a big issue carried Interest Rate risk in the bond market. During the summer, it was almost as if Bond Investors were making another run at treasuries. They wanted to get the 10 year below 2 more more time and it is built on the base of market is never going to grow again, we will not see any fiscal policy, it and they had it completely wrong. The fed is moving towards regaining credibility so investors are, we know what their plan is, we can make investments based on this and you will see people react in. The fed has clearly said this is what we want to do. We want to reload their cannons. Sheett to get the balance down and normalize the frontend of the curve. You see the betting odds on the december hike changed dramatically. Views low inflation as a way to continue with gradual pace. The market thinks fed shouldnt touch rates unless we are at 2 inflation. I believe janet yellen, that the u. S. Economy is time, itni
We start with a big issue Interest Rate risk in the bond , market. During the summer, it was almost as if Bond Investors were making another run at treasuries. They wanted to get the 10 year below 2 one more time and it is built on the base of market is never going to grow again, we will not see any fiscal policy, and it was really about growth. I think they had it completely wrong. The fed is moving towards regaining credibility so investors in the market there like ok we know what their plan , is, we can make investments based on this and you will see people reacting. The fed has clearly said this is what we want to do. They want to reload their cannons. They want to get the Balance Sheet down and normalize the frontend of the curve. You see the betting odds on the december hike changed dramatically. The fed views low inflation as allowing them to continue with a gradual pace. The market thinks fed shouldnt touch rates unless we are at 2 inflation. I do believe janet yellen. I do bel
We start with a big issue carried Interest Rate risk in the bond market. Interest rate risk in the bond market. During the summer, it was almost as if Bond Investors were making another run at treasuries. They wanted to get the 10 year below 2 more more time and it is built on the base of market on the base of market is never going to grow again, we will not see any fiscal policy, it and they had it completely wrong. The fed is moving towards regaining credibility so investors are, we know what their plan is, we can make investments based on this and youll see people reacting. The fed has clearly said this is what we want to do. They want to reload their cans. We want to get the Balance Sheet down and normalize the frontend of the curve. You see the betting odds on the december hike changed dramatically. The fed views low inflation as a way to continue with gradual pace. The market thinks fed shouldnt touch rates unless we are at 2 inflation. I believe janet yellen, that the u. S. Econ