Specifically to its next meeting, the last one of 2015. Stocks pulled back initially only to take off, rising more than 1 by the close. The Dow Jones Industrial average gained 198 points to close at 17,779. The nasdaq rose 65. The s p 500 notched a 24point gain. And the yield on the tenyear treasury rose. Steve liesman has more on the feds assessment of the economy and what it might do next. Reporter some big changes in the feds october statement that suggest a possible rate hike in december. The fed left Interest Rates unchanged, but it downgraded its concerns over Global Economic and financial development. Its now monitoring those issues, rather than saying its worried about their effects on the u. S. Economy and inflation. Second, the fed downgraded the job market, saying it slowed, even while it upgraded the consumer and business spending, saying theyre growing at a solid rate. But heres the big one, the fed put a december rate hike back in play. The new statement says, in determin
Specifically to its next meeting, the last one of 2015. Stocks pulled back initially only to take off, rising more than 1 by the close. The Dow Jones Industrial average gained 198 points to close at 17,779. The nasdaq rose 65. The s p 500 notched a 24point gain. And the yield on the tenyear treasury rose. Steve liesman has more on the feds assessment of the economy and what it might do next. Reporter some big changes in the feds october statement that suggest a possible rate hike in december. The fed left Interest Rates unchanged, but it downgraded its concerns over Global Economic and financial development. Its now monitoring those issues, rather than saying its worried about their effects on the u. S. Economy and inflation. Second, the fed downgraded the job market, saying it slowed, even while it upgraded the consumer and business spending, saying theyre growing at a solid rate. But heres the big one, the fed put a december rate hike back in play. The new statement says, in determin
Specifically to its next meeting, the last one of 2015. Stocks pulled back initially only to take off, rising more than 1 by the close. The Dow Jones Industrial average gained 198 points to close at 17,779. The nasdaq rose 65. The s p 500 notched a 24point gain. And the yield on the tenyear treasury rose. Steve liesman has more on the feds assessment of the economy and what it might do next. Reporter some big changes in the feds october statement that suggest a possible rate hike in december. The fed left Interest Rates unchanged, but it downgraded its concerns over Global Economic and financial development. Its now monitoring those issues, rather than saying its worried about their effects on the u. S. Economy and inflation. Second, the fed downgraded the job market, saying it slowed, even while it upgraded the consumer and business spending, saying theyre growing at a solid rate. But heres the big one, the fed put a december rate hike back in play. The new statement says, in determin