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And and Insurers Fund that republicans once criticized as a bailout. Thats according to republican senator bob corker. What is most significant . Internet to be heavy lift they want to protect , andxisting regulation someone to go further in cutting regulations. Justke with leaders moments ago. David help us understand the timetable here. A fourth of july recess. Middle is to get this by the time the lawmakers get back . The goal is to get them but before the fourth of july recess and to vote when they come back. Deadlines pile up. They come back after the july for recess, they are absolutely crucial. I caught up with congressman brady, republican in chair on the house and ways of ways and means committee. He expressed confidence around the timeframe you described. Senate confident the will deliver on health care reform. This is as. They are positive. Anna he is confident they can do this and it wont hold up. But from an investors ....
Microphone and say these the against inflation. Im sorry. What inflation . I see deflation almost everywhere, except in wages. But clearly thatats all that matters to the fed, because by any other calculus, Everything Else is going down, except for make bonein chicken and allnatural beef. Two pretty niche commodities, unless you own a restaurant like i do. If you didnt know any better, you would think these fed policy makers will talk about the need its a recipe for declining stock prices, and thats what youre getting. No matter, like ive told you repeatedly, as soon as the fed got the ammunition to raise rates in the form of last fridays very strong employment number, this market would go from being intermittently bearish, with a somewhat popotive backdrop to oututght beararh. Some some pockets of strength hand some pockets of excessive negativity. Thats exactly where we are right now. Remember, the fed has no mandate to preserv ....
Federal reserve officials came up with a need to raise rates. When you see stocks of hivequality Companies Like cummings or macys, and nordstrom tonight joining in with a really hideous report, the last thing you would expect is for a grownup federal governor or president to squawk about the need to when copper is trading at levels not seen in years, when aluminum and iron are plummeting, kind of crazy for people in positions of power to keep talking about how we desperately need to raise Interest Rates, raise them. Its positively counter intuitive. With oil once again about to challenge the 3 level, who would think a lot of Federal Reserve officials would grab a microphone and say these the against inflation. Im sorry. What inflation . I see deflation almost everywhere, except in wages. But clearly that is all that mat ....
Disappointing start to the new earnings season this weekend couldnt arrive soon enough. But today was different. Stocks snapped a five day losing streak. By the close, the dow was up 190 points. The nasdaq shot up 63 and the s p added 26 closing back above the 2,000 mark. Todays gains however were not enough to overcome the string of losses this week with each of the major averages down more than 1 . And that steep plunge in oil prices weve been telling you about for a while now, they helped send Consumer Prices sharply lower in december down four tenths of 1 the largest drop in nearly six years. Evidence of falling inflation pressures. So what could the return of market volatility, low oil prices and no inflation pressure mean for the Federal Reserve and its timetable for raising rates . Steve liesman has more. Reporter the nations inflation rate fell to the lowest level i ....