Page 69 - Fomc News Today

It was the biggest decline in five months, pulled down by c caterpillar and apple. apple down as it was looking to half the production of the iphone x. the s&p 500 is up 7% for the year so far the best year since 1989 for equity markets. lots of things to focus on this week. the fomc on wednesday and lots of earnings to watch out for today. mcdonalds earnings, hopefully lewiss big mac consumption will give the earnings a bit of a boost. the focus on the state of the union will the state of the e...

Interest rate hikes. cnbcs louisa bojesen joins us live from london with more. good morning, louisa. id like to know the general consensus on wall street. >> i can hardly contain myself. hardly contain myself this morning, louis. ive got some nine hours to know before we know whats going on with the fed. weve been waiting for this. this is probably the most important fomc meeting of the entire year because, of course, they flagged up that they could be moving away from this zero percent interest...

That is dealing with nancy pelosi. >> we have concerns that in december you could be actually facing the chance of a debt default. the risk of a debt default grows higher. >> i dont think there will be one, but you cannot dismiss this as a concern for the markets. get a load of this, christine. you have this fomc, the fed meeting that sets interest rates, fomc meets the week after the deadline. if there is a shutdown, could this influence janet yellen? >> i say there is never a good time to rais...

Economy is going before initiating the first rate increase. >> pull the curtain back. tell us what went on in that room when you all were deciding what to do as markets were trading volatile and we see these global uncertainties out of china and emerging markets and the impact. what was the discussion around this debate? >> before the fomc meeting we have about a week of preparation, each of us, for the meeting. lots of briefing binders and analysis of whats going on in the u.s. and abroad. for ...

About 31 points up as investors zero in on todays beginning of the feds two-day meeting. lets check in with cnbcs mandy drury. this 31-point increase which is like almost zero, mandy, is this because of this? >> well, you know, it is kind of like everyones in wait-and-see mode. arent there? there is hot anticipation for tomorrow as to what the fed is going to do but this is after yesterdays gain as well. just to put that in context, there is a tendency of stocks to rise in the 24-hour period bef...

Reserve bank is going to release the minutes from its last interest rate policy meeting, the fomc minutes, a lot of traders and investors will be looking to see whether or not theres any kind of sign any kind of discussion within the fed about possible interest rate hikes later on down the line and what economic data that need to see in order for that to happen. were also watching oil prices go higher today as well. something to keep an eye on there. now, a big deal that we are all watching righ...

Strengthening of the dollar. >> why then was the weakening of the dollar on friday a wall street boom? >> these things are very hard to read. i think thats happening is wall street was trying to look at janet yellins comments very closely. they were following her comments on the dollar but also trying to understand where the federal reserve board was going in terms of interest rates. and the fomc is trying to ballet couple of things. they have two clear mandates. they need to keep inflation low,...

Yellen. cnbcs steve sedgwick is live with that. what do we expect from chair yellen? >> we have a taste of what to expect on the 11th of february in the first part of her semiannual testimony on capitol hill. this time shes going before the senate at 10:00 a.m. local time in the u.s. there. what is interesting is it was the weather that caused her to delay the second part of this address on capitol hill. its the weather that i think people are looking a, whether the data we have in the u.s. so f...

Administration will fully enforce any law. bret. >> mike emanuel live on the hill, thank you. the new head of the fed says do not expect a lot of policy changes. janet yellen made her first public comments as federal reserve chairman and said things will not change much from the ben bernanke era. >> i expect a great deal of continuity in the fomcs approach to monitoring policy. i served on the committee as we formulated our current policy strategy. and i strongly support that strategy. >> wall...

Yeah, the losses last week, 1.5% to 1.6% for the major indices. everybody looking at the fomc and whether were going to get a rally thereafter. individual stories including amazon workers in germany sent a delegation to seattle headquarters to protest about working conditions in germany. theres been strikes since may. germ and workers are after better salaries, clegting wage agreements and treatment around the company for its part. their salaries are the upper end of the logistics spectrum. reta...