Mortgage rates and car loans will go up because commercial banks will raise their rates too. They reached their decision overnight signaling confidence in the u. S. Economy and job market. They released a statement after a twoday meeting. They raised their rate from 0. 25 to 0. 5 on thursday. Its a first increase in almost a decade. The labor market has shown considerable improvement this year and Economic Activity has been expanding at a moderate pace. Fed chair janet yellen said the decision reflects the committees confidence that the economy will further strengthen. She also stressed they would monitor economic conditions. With the economy performing well and expected to continue to do so, the committee judged that a modest increase in the federal funds rate target is now appropriate. Recognizing that even after this increase, Monetary Policy remains accommodative. For insight lets go a specialist in new york. We asked eric norland about the rate hikes likely effects on the u. S. Ec
Financial crisis. It will 0 go up for. 25 point. Mortgage rates and car loans will go up because commercial banks will raise their rates too. They reached their decision overnight signaling confidence in the u. S. Economy and job market. They released a statement after a twoday meeting. They raised their rate from 0. 25 to 0. 5 on thursday. Its a first increase in almost a decade. The labor market has shown considerable improvement this year and Economic Activity has been expanding at a moderate pace. Fed chair janet yellen said the decision reflects the committees confidence that the economy will further strengthen. She also stressed they would monitor economic conditions. With the economy performing well and expected to continue to do so, the committee judged that a modest increase in the federal funds rate target is now appropriate. Recognizing that even after this increase, Monetary Policy remains accommodative. For insight lets go a specialist in new york. We asked eric norland ab
Welcome to countdown, i am and edward. Good morning. The fbi is investigating a coordinated computer hacking attack that targeted jpmorgan and for other major financial institutions, according to officials familiar with the matter. It is believed that the hackers were russian and were retaliating against u. S. Sanctions against moscow. They have stolen data. This comes down to proving who possibly attacked jpmorgan and it has not been decided. The trail is muddy. Investigators are considering the possibility that it is cyber criminals from russia or elsewhere in eastern europe. The fbis involved, the National Securities involved. You may recall the u. S. Considered sanctions or not against russia. Could it be that statebacked hackers do they have the sophistication . The sophistication level with which this has happened is a hallmark of a professional. Apparently a Software Flaw allowed hackers to get in and Remote Control computers. It is apparently something that a hacker is not able
Countdown. The World Leaders are gathering in beijing for the annual apec summit. There is a lot more at stake. The health of asias economies. It might determine the course of political stability in the region for years. Will meetnt obama with the chinese president during his visit to beijing. But the two leaders will be competing for interests among the other apec nations in a game of out of offer and counteroffer. Owni will propose his proposals and will breathe ceos on the benefits of a strong and rising china. The nation is facing a new economic normality. Normality,new chinas Economic Growth rate may be slowed, but its real growth remains considerable. The chinese economy is no longer what it used to be after more than 30 years of private Economic Growth. Has already met japans Prime Minister, shinzo abe. It is the first of towards improving ties between china and japan. A major gas signed supply deal with russia. Jinpeng shookxi hands on the agreement that should give japan almos
0k where are you from . Syria syria . Thereve been violent clashes in belarus as Alexander Lukashenko is declared the landslide winner of the countrys general election. And a metal detectorist says he was left shaking with happiness after discovering a hoard of bronze age artefacts in southern scotland. The find included a complete horse harness and sword. Hello, and welcome if youre watching in the uk or around the world and stay with us for the latest news and analysis from here and across the globe. Here in the uk, government ministers are insisting there is little evidence that coronavirus is transmitted in schools, as they push ahead with plans for all children in england to return full time to the classroom next month. The uk education secretary, Gavin Williamson, has suggested that an upcoming study will support the governments position on reopening schools. Borisjohnson, whos expected to visit a school later, is understood to have made it clear that schools should be the last t