Stay updated with breaking news from Powell greg. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
To sustain the expansion, while continuing to monitor Economic Data coming in for the future path where the rates should go. The fed still sees uncertainty in the outlook Going Forward and acknowledges that business, fixed Business Investment growth has been soft. Consumer spending they do say has picked up. Now the fed lowered payments on excess reserves to 2. 1 . The bottom line a quarter percentage point of a cut in the Federal Reserve federal funds rate and stopping the Balance Sheet roleoff two months early. Back to you guys. Charles that is a lot to digest. Here to do it, the biggest fox business allstar panel of all time, host of varney company, stuart varney, host of mornings with maria maria bartiro ....
Point lost ever. Futures on wall street rebounding after falling sharply overnight. We always have our chief financial correspondent here. Christine, how long could this last . It is continuing oversea ov. Lets see what is happening over jaes. It is relationship nliis it the globe. Dow futures turned lower again. They popped. They fell 700 points. It shows you how volatile it is. On monday, the dow lost 1,800 points. Monday was brutal. It shed 1,175 points. 4. 6 . That is a rebound from down here when it was 1,600 decline in history. This wipes on the the d s out t for the year. The jobs report on friday was a trigger. Strong wage growth. Wage inflation is good for workers, but bad for corporate profits. The fed reserve may have to raise rates faster than planned. The bond market has been telling for some time that things are changing. Bond yields move opposite to price. As neil p. Dougheryields go up. If you see a drop again today, there is no chance of a krooicrr panic. This is a cor ....