Edward. Reporter Federal Reserve has left rates unchanged. This is the sixth pause in a row for this. Now with the first line of the statement has a word thats been added to it. It says the Economic Activity continued to expand at a solid pace. Now the statement says that the fed sees job gains remaining strong. The fed also sees inflation easing over the past year but remaining elevated. The Committee Also changed the statement to say that employment and inflation goals have moved into better balance over the past year. The fed leaves one sentence in. Its a very key sentence, saying it needs to gain greater confidence that inflation will move sustainably to 2 . Again a very key phrase in the statement. One big announcement of the fed statement is going to make, the fed is reducing runoff of the Balance Sheet. Starting in june the fed will go from 60 billion of runoff in treasurys, rolling off 25 billion. Going down to 25 billion in treasurys, rolling off starting in june, amount of mo
Take a look at the china [indiscernible] this is a key gauge of sentiment. Retail investors very much an important part of the equity market on the mainland. We did have chinese small caps falling to a threemonth low on wednesday. This index has lost 3 this year. We see those declines continue this thursday. We arecurrency front, seeing the offshore rate hover around the 100day moving average. This is supposed to ease some slow curves. Earlier, we did hear from a former regulator who said the china should open up the yuan before lifting capital. The currency stability has also seen bets on volatility decline, as you can see from this chart here. More. Oes not expect if overall, it is about stability being the name of the game. Rishaad thank you so much for that. Lets get over to the first word news headlines. Paul china intends to further ease [indiscernible] individual tax burden as part of a broader drive to boost consumption. It is easing the structure of valued added tax come inclu
Send us a tweet at twitter. Com cspanwj. Span, andcom c journal cspan. Org to send us an email. We will get your your phone calls and thoughts in a minute. The takeaway washington correspondent for Public Radio International joins us. We said the headline, no deal was reached after this closed door session. Why not . Exactly what knows happened except those 100 senators and the small handful of staffers in the room. Were leaving the room, trickling out last night, you heard a couple of different takes on what went on. The standard bromides, the washington code speak, frank and open discussions, these words that do not tell you much, but you got a couple of real pieces of information. Senators on both sides said they felt like the sides understood each other better. A couple of democrats said that they thought republicans had a better understanding, that they feel president obama has been disrespected by the senate in his nominees, that he has not received the level of respect and defer
200 deaths total. The situation in new york coupled with neighboring new jersey and connecticut led the cdc to issue a travel advisory asking residents of those states to refrain from nonessential travel for 14 days effective immediately. It does not apply to people who work for, quote, Critical Infrastructure Industries Including trucking, medical professionals, and food supply. This came less than a week after President Trump told the American People he wanted to reopen the country by easter, two weeks from today, and weeks after he insisted covid19 was a, quote, hoax that had been locked down. One month ago trump said the coronavirus will simply go away t. Came after trump abruptly announced he was interesting a federal, quote, enforcement quarantine for the new York New Jersey connecticut tristate area. I am now considering well make a decision very quickly, very shortly, a quarantine, because its such a hot area of new york, new jersey, and connecticut. Well be announcing that one
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