Rate cut to near zero by the end of the year so keep an eye on the Quarterly Report that comes in november. The bank of england votes 90 to cut rates, no dissent on rates but dissent on qe and the Corporate Bond buying program. The bank of england cut rates to. 25 , they intend to buy Corporate Bonds as well. The majority of the mpc expect a rate cut to zero by the end of 90year, and they voted four the rate. Majority of mpc expects a rate cut to near zero by the end of the year. I do say that their Bond Buying Program could increase by 170 billion pounds as well. To sort of put a number on the Corporate Bond buying program, it is 10 billion pounds over the next 10 months. Byathan guilt 10 year down the cable rate dropping off as well. Upside risk to inflation, Downside Risk to growth, that is what you see in the forecast. The 27 thet 2017 forecast, downgrading the most ever on a single inflationary report. Side, they seen inlation at 1. 9 on at q3 2017 versus 1. 5 , and sees inflation
Are not moving much at this point, but yesterday we did see heavy action. In the red italy reporting that its in recession, two quarters in a row of contraction. Germany was heavily hit, not only by what happened in italy, but by all the talk about what happens in these sanctions and the retaliation against the sanctions by russians. Back here in the states, key data today. At 8 30 eastern time, weekly jobless claims. This afternoon, we have Consumer Credit. In addition, many of the nations retailers will be reporting july samestore sales today. On the earnings front today, Companies Set to post quarterly includes including orbitz, wendys. In corporate news, bank of america reportedly close to a nearly 17 billion settlement with the government over mortgage bonds. The deal with the doj is said to include about 9 billion in cash. The rest said to be going to consumer relief. Settlement was reportedly reached in principal after a phone call last week between bofa Ceo Brian Moynihan and a
And 40 billion in asset management. We will get to steve in a minute. But which specific line moved to market the most here . Speak out it is this one, many members stress data dependent Asset Purchase Program and some pointed out if Economic Conditions warranted, the committee could slow the pace of purchases at one of its next few meetings. And got into the weeds of the labor market, but the october 30 meeting was before we got the october jobs report which showed substantial upward revisions in the september jobs payroll jobs numbers, so perhaps the markets were little bit spooked maybe the data would be coming in a little stronger than they had before. Tapering may be on the table the next meeting in december, who knows. Liz there is the december meeting. Whether the u. S. Dollar. Moving to these reaction. You had a frontrow seat to the generations here. We saw them in stocks and the dollar index. 81. 1, it did rise after those minutes were released. That is the highest since septe
The legendary animator behind 'Anastasia,' 'The Secret of NIMH,' 'The Land Before Time' and others reflects on his life, career and the influence of his hero Walt Disney.
The legendary animator behind 'Anastasia,' 'The Secret of NIMH,' 'The Land Before Time' and others reflects on his life, career and the influence of his hero Walt Disney.