Fed kicking off its meeting today. For more on what investors are watching, sarah hunt is here from alpine woods capital. What could the fed due tomorrow that would most upset the markets . Give i think they did not a lot of detail about how they were going to make sure when it was time for them to change their inflation standpoint, when was too much over. If they narrow the window and say we are looking for a tiny bit of on the inflation side. I think they are expecting inflation to run hotter if they get there for a longer time. And if they do something to narrow that window, that would make people more nervous. Newsbut in terms of the flow, have we already had it . Central banks have been dominant this year. It seems to me as if politics is beginning to take over as the key narrative, in london with brexit, and weve got all kinds of trouble in the mediterranean, we have got tension with china, and of course we have the u. S. Election coming up. So does this narrative now takeover fr
It got within one basis point of 4. 7 . Lets take a look at aluminum futures. A big pop in the month of april but we have seen a steady advance all of 2024 in tandem with commodities. Bloomberg reporting President Biden will propose higher tariffs on chinese steel and aluminum during a visit to pittsburgh today. Some movers on the equities size to tell you about. Chinese steel tariffs sending metal makers higher, although steel coming down at the moment. President biden expected to call for 25 tariffs on chinese steel and aluminum. There totaled 1. 7 billion in 2023. The ftc is preparing a lawsuit to block a fashion companys 8. 5 billion takeover of capri potentially killing a luxury conglomerate. Capri controls highend labels like versace and jimmy choo. In private markets, david hunt says the credit market is heading for a shakeout as investors set higher standards. Here are some of his comments from this morning. All kinds of people set themselves up and immediately are able to rais
Even though we saw stocks lower today, it seems like this run is still intact, particularly if tax reform moves forward by the end of this year. Not so great for one particular asset, 8240, this chart i want to show you, gold. Week,rd this earlier this if we get tax reform through and Interest Rates rise, which they look set to do, that was also pointing to the fed minutes, gold will suffer. We have seen gold slip from a oneyear high in september. , it though it is choppy looks like that down trend is in place. Dont buy gold. Some people would beg to differ thing gold has reached a bottom and you still have to find a decent return in this situation. Given fed minutes and inflation coming you have to wonder how much higher these rates can move and the dollar move. Exactly. If there is no inflation, or very little inflation, that is the same case for gold. Lets pull up the chart for the u. S. Markets and show you how we , particularly after those fed minutes. The dow, s p, and nasdaq clo
Thanks for coming my name is [inaudible] im with the citys office of economic and Workforce Development i want to welcome you all to the ribboncutting for the Daggett Plaza. They say good things come to those who wait. So i think in this case really good things come to those who wait a really long time. This is been a Long Time Coming and were really happy to finally be here. I want to start out by introducing some various people and organizations within the city and our Community Partners that made this project come to life. You never knowlooking out at this beautiful park but long ago this part of town was part of the bait another shallow water. Because of that, requirements of the public trust for waterfront land we still apply to this parcel about a year ago this was a really challenging project to make happen. But thankfully here we are and theres many Important Computers to the project that are here today. If you them will be speaking to you and i just want to introduce a few peo
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