Monetary policy is not on a preset course. Were watching this closely and stand ready to adjust our policy if it appears that inflation undershoot will be resistant and President Trump arrives in france for a bastille day visit as controversy ramps up back home. Good morning we have another very busy show for you. Lets get straight to the ia report Oil Investors are going through a period of waning confidence according to the latest report the organization suggests that growing impatience over the rebalancing of the oil market is to blame for money manager slashing long positions in crude futures. And they said global gland growth rebound ed and want to wait longer if the rebalancing process has the gun. Neal, always a pleasure speaking with you about this report so when does the rebalancing finally happen well, its on the way as we say in the report, at the moment were slightly at the mercy of statistics. Waiting for the statistics to catch up with what we think is going on out there
Dow transports finishing at fresh alltime highs. The reason . Federal reserve policy makers decided today to keep Interest Rates right where they are near zero for what they call a quote, considerable time. Now, that is the phrase some fed watchers thought would be dropped from its postmeeting communication. And the thinking was it would have opened the door to higher Interest Rates sooner. Well, not so fast, said the fed chair janet yellin, the rate is not ready, and the lower inflation means the rates can stay low for now, on wall street, major averages shot higher, dow up about 25 points with the high, nasdaq up nine, s p edging back from an historic intraday high this afternoon finishing just two points higher on the day. Prices on tenyear treasuries fell as bond yields jumped to a session peak above 2. 6 , moving up in the past couple of weeks. And the u. S. Dollar gained some ground as well. Hampton pierson has more. Reporter Federal Reserve chair janet yellin delivered a shot to
We have mobile security teams and agents on the ground with u. S. Marines that are there. Those agents are going to stay for much longer period of time, probably up to 90 days until we are sure that we have a proper security that we can then start replacing them with a permanent personnel that we are going to have on the ground. The 30day rotations as the arb pointed out were not conducive to security operations. Are there any incentives that the department can provide or can think to provide for personnel to undertake those longer assignments . I dont think its a question of necessary or additional incentives. I think its a question that we needed to understand that we are constantly rotating like that was not in our best interests. I think my agents clearly understand that. And i think it really isnt about additional incentives. Its about just knowing that is not the proper procedure and we need to change it. Not a great practice. Thank you for your forthright answers and i yield bac
Wall street with the dow and the dow transports finishing at fresh alltime highs. The reason . Federal reserve policy makers decided today to keep Interest Rates right where they are near zero for what they call a quote, considerable time. Now, that is the phrase some fed watchers thought would be dropped from its postmeeting communication. And the thinking was it would have opened the door to higher Interest Rates sooner. Well, not so fast, said the fed chair janet yellin, the rate is not ready, and the lower inflation means the rates can stay low for now, on wall street, major averages shot higher, dow up about 25 points with the high, nasdaq up nine, s p edging back from an historic intraday high this afternoon finishing just two points higher on the day. Prices on tenyear treasuries fell as bond yields jumped to a session peak above 2. 6 , moving up in the past couple of weeks. And the u. S. Dollar gained some ground as well. Hampton pierson has more. Reporter Federal Reserve chair
Wall street with the dow and the dow transports finishing at fresh alltime highs. The reason . Federal reserve policy makers decided today to keep Interest Rates right where they are near zero for what they call a quote, considerable time. Now, that is the phrase some fed watchers thought would be dropped from its postmeeting communication. And the thinking was it would have opened the door to higher Interest Rates sooner. Well, not so fast, said the fed chair janet yellin, the rate is not ready, and the lower inflation means the rates can stay low for now, on wall street, major averages shot higher, dow up about 25 points with the high, nasdaq up nine, s p edging back from an historic intraday high this afternoon finishing just two points higher on the day. Prices on tenyear treasuries fell as bond yields jumped to a session peak above 2. 6 , moving up in the past couple of weeks. And the u. S. Dollar gained some ground as well. Hampton pierson has more. Reporter Federal Reserve chair