Investment has slowed, the Unemployment Rate is still elevated as we know, and strains in the Global Financial markets pose significant risk. As darren gersh reports, the fed wants to keep a low profile for the next few weeks. Reporter less than two weeks before the election, the Federal Reserve was clearly not looking to make big changes in its policy statement. So what we got were slight course corrections today. On inflation, for example, the fed said inflation picked up somewhat from september, because of Higher Energy prices, but that trend may already be in the rear view mirror. If anything, core inflation has been coming in low over the past three months. The core c. P. I. Increased only 0. 1 over july, august, and september, pushing it further below their 2 target, i think that might be more significant for them than the fact that Energy Prices rose in a transitory way over the summer. Reporter we wont know for a few more weeks what the fed talked about at todays meeting, but i
Unemployment rate is still elevated as we know, and strains in the Global Financial markets pose significant risk. As darren gersh reports, the fed wants to keep a low profile for the next few weeks. Reporter less than two weeks before the election, the Federal Reserve was clearly not looking to make big changes in its policy statement. So what we got were slight course corrections today. On inflation, for example, the fed said inflation picked up somewhat from september, because of Higher Energy prices, but that trend may already be in the rear view mirror. If anything, core inflation has been coming in low over the past three months. The core c. P. I. Increased only 0. 1 over july, august, and september, pushing it further below their 2 target, i think that might be more significant for them than the fact that Energy Prices rose in a transitory way over the summer. Reporter we wont know for a few more weeks what the fed talked about at todays meeting, but its a good bet chairman ben
Is still growing at a moderate pace, the housing sector is improving, Household Spending is expanding, but Business Investment has slowed, the Unemployment Rate is still elevated as we know, and strains in the Global Financial markets pose significant risk. As darren gersh reports, the fed wants to keep a low profile for the next few weeks. Reporter less than two weeks before the election, the Federal Reserve was clearly not looking to make big changes in its policy statement. So what we got were slight course corrections today. On inflation, for example, the fed said inflation picked up somewhat from september, because of Higher Energy prices, but that trend may already be in the rear view mirror. If anything, core inflation has been coming in low over the past three months. The core c. P. I. Increased only 0. 1 over july, august, and september, pushing it further below their 2 target, i think that might be more significant for them than the fact that Energy Prices rose in a transitor
Investment has slowed, the Unemployment Rate is still elevated as we know, and strains in the Global Financial markets pose significant risk. As darren gersh reports, the fed wants to keep a low profile for the next few weeks. Reporter less than two weeks before the election, the Federal Reserve was clearly not looking to make big changes in its policy statement. So what we got were slight course corrections today. On inflation, for example, the fed said inflation picked up somewhat from september, because of Higher Energy prices, but that trend may already be in the rear view mirror. If anything, core inflation has been coming in low over the past three months. The core c. P. I. Increased only 0. 1 over july, august, and september, pushing it further below their 2 target, i think that might be more significant for them than the fact that Energy Prices rose in a transitory way over the summer. Reporter we wont know for a few more weeks what the fed talked about at todays meeting, but i
15,549 even. For the s p 500, alltime high, write it down, 1689. 40 is the new high for the s p 500. Up 8 1 2 points today. Nasdaq sitting around a 1year high al 3611 with gain in the session of 1. 25 points. We have action for you coming up. We will be talking about the record highs with ben and Deutsche Bank and our own mandy drurry joining us. We will talk with gene munster from piper tehrikejafria from. Expect microsoft earnings, 75 cents, expected. Lets kick off the discussion with todays record highs. Thank you everybody for joining us. So ben, let me kick this off with you. Market at alltime highs. Would you buy or sell here . Well you may not want to add, but definitely dont sell off. These markets tend to overshoot. We are not adding here, but definitely maintaining in balance portfolios. Okay. So you dont want to sell it but certainly you certainly would not be adding here. Paul, would you agree with that . I completely agree. I believe in looking at the longterm trends. And