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June 29, 2024
Forecast for the year. The company is spending more on employee raises here in the u. S. We will have more on this in just a few minutes. Matt wildfires are threatening a resort town in washington state. Several large fires burning near chelan, washington have already destroyed about 75 homes and businesses. 200 activeduty military troops have been called in to help. Cory i was up in Northern California weeks ago. It is unbelievable what is going on there. Matt a suspect in the deadly explosion ...
June 29, 2024
Session highs it was up 163. Of course, plenty of attention on crude oil rising after that china rate cut. Bob, a different pood today . Yes. We have a rally, but not an enthusiastic rally. It was 51 at the open. We should have gone better. The volume is only moderate. It drifted lower. The buyers are not enthusiastic. Im not seeing people go after stocks beaten up. S p 500 has been sideways except for a dip in the middle of the day. Up roughly 300. A few sectorspecific movements. Home builders ...
June 29, 2024
From a 2 e decline forecast in june. Unemployment falls 4. 1 in the next two years. Inflationerm level of and full employment remains. In the statement, fed officials suggest hurricanes will not have a longterm impact on the overall economy. Hurricanes harvey, irma, andrea has devastated communities conflicting severe hardship and rebuilding will affect Economic Activity in the near term. Passive experience suggest storm is unlikely to alter the course of the National Economy over the medium ter...
June 29, 2024
The target range for the federal funds rate at 1 to 1. 25 . His accommodative policy should support some further strengthening in the job market and return to 2 inflation, consistent with our statutory objectives. We also decided that in october we will begin the Balance Sheet Normalization Program that we outlined in june. This program will reduce our Securities Holdings in a gradual and predictable manner. I will have more to say about these decisions shortly, but first, i will review rate rec...
June 29, 2024
If you go back to say 2013 and consider the until this year, the reasons why inflation was low are not hard to understand its a combination of slack in the labor market, declines in Energy Prices and strong dollar that pulled down import price inflation. So, whats important in determining inflation Going Forward is Inflation Expectations by some by many of professional forecasters those have been rock solid we do also look at Household Expectations which have come down some. Marketbased measures...
June 29, 2024
Good afternoon. At our meeting that concluded earlier today, my colleagues and maintain the target range for the federal funds rate at 1 to 1. 25 . This accommodative policy should support some further strengthening in the job market and return to 2 inflation, consistent with our statutory objectives. We also decided that in october we will begin the Balance Sheet Normalization Program that we outlined in june. This program will reduce our Securities Holdings in a gradual and predictable manner....
June 29, 2024
The target range for the federal funds rate at one to one and a quarter percent. This accommodative policy should support some further strengthening in the job market and return to 2 inflation consistent with our statutory objectives. We decided that in october we will begin the Balance Sheet normization program that we outlined in june this program will reduce our Securities Holdings in a gradual and predictable manner. Ill have more to say about these decisions shortly. But first ill review re...
June 29, 2024
Trump waving cargo restrictions to help speed aid to the hurricane ravaged puerto rico. He has ordered the jones act waived for shipments to the island. The waiver will be in effect for 10 days and cover all products being shipped to puerto rico. It is a maritime law of acquiring shipments of good between two you a sports to be made with American Flag vessels manned by american cruise. Tokey is warning citizens leave the autonomous kurdish reason region in iraq before it cancels flights in the a...
June 29, 2024
All right. Simple question. Youve got one minute. I want you to redesign the u. S. Healthcare system from ground up. Up. What does it look like . So what we would do, and discipline were trying to with the healthy cities and counties challenge. We would understand the demography disease, burden, social and economic patterns of a community. We would sit okay, what does the system need to be like to support that . Central kentucky some of the highest opioid addiction and america. Were handing out ...
June 29, 2024
Within our caucus and i do think its time to pass the torch to a new generation of leaders. And i want to be a part of that transition. I want to see that happen. You know, i think that we have too many really great members here that, you know, dont always get the opportunities that they should. And, you know, i would like to see that change. Would nancy pelosi win a caucus leadership fight right now if she were challenged . I dont know. I mean, i dont know. There are a lot of members in our cau...