Seem to think there is a little worry out there. Out and say this could be less of a shock than we think, and as long as the ecb still buys and is on the Balance Sheet for longer, than the markets may not need to be as worried as perhaps we think they should be. Spreads, andening now lets get straight to first word news in new york city. Here is viviana hurtado. Viviana we begin with the Trump Administration, pushing a 1. 2 trillion stimulus plan, this on account of the impact of coronavirus. Could get payments of 1000 or more within two weeks. And months later, a second set of checks could be sent out. Steven mnuchin warning republican senators if there is no stim of this package, the u. S. Could face a 20 unappointed rate. Stimulus package, the u. S. Could face a 20 Unemployment Rate. Great britain is announcing 24 billion in loan grants and tax cuts to keep the coronavirus from wrecking that economy. Biden has tighten his grip on the race for the democratic president ial nomination,
European equities. , bit of a down day to end though it does not seen anybody is taking a huge position ahead of that jobs data. We have stock and bond markets close in the u. S. Yesterday as treasuries get going again. ,e saw a bit of a basis Point Holding at 1. 95 on the 10 year yield. Bund yields are just above that level. The euro is weaker am a down. 2 , 1. 1265 f disappointing german factory data. Coming up, we speak to larry kudlow. Lets get bloomberg first word news. Thousands packing the National Mall to watch president Donald Trumps fourth of july speech. He praised the u. S. Military and American People, but also put himself front and center of the Independence Day celebration. The event included tanks, flyover jets, and culminated in an extended fireworks display. President trump we celebrate our history, our people, and the heroes that proudly defend our flag, the brave men and women of the United States military. Together, we are part of one of the greatest stories ever t
Federal Reserve officials said inflation has fallen further toward their target level in recent months but signaled that they expect to cut their benchmark interest rate just once this year.
Federal Reserve officials said Wednesday that inflation fell further toward their target level in recent months but signaled that they expect to cut their benchmark interest rate just once this
Federal Reserve officials on Wednesday will likely make official what’s been clear for many weeks: With inflation sticking at a level above their 2% target, they’re downgrading their outlook for