Wall street closes at a record high yet again after further row reserve talks about a possible rate rise. And its back to work for industry workers in darjeeling, but it will ta ke workers in darjeeling, but it will take a while for a new supplies to be available. Find out why. Good morning, asia, hello world. Glad you could join us on Asia Business report. The Us Central Bank has released the latest minutes from the september meeting, showing another rate increase is expected by the yea rs rate increase is expected by the years end. 2019 could bring more hikes, although the decision seems like a sure bet, there are some divisions over where information is headed. I think this is deja vu all over again headed. I think this is deja vu all overagain in headed. I think this is deja vu all over again in the sense that there is this great divide over the prospects of inflation in the us economy. I think that will be an overriding concern, and that is one of the key points from last night. I
A two day meeting. They said they are going to adopt a target for long term Interest Rates in an effort to meet their inflation goal as soon as possible. They say they will abandon their base money target and instead set what they call yield curve control. That involves central bank purrs of bonds to keep egbs at current levels of 0 . They will purchase them in line with the current pace of about 780 billion worth. But they also note that the pace of increase in the Monetary Base may fluctuate in the short run depending on market conditions. In the short term the boj will apply a negativeinterestrate. The policymakers decided to abandon the current two year time frame for achieving their 2 inflation goal. They now say they are aiming to hit at the earliest possible time. Boj policymakers first set the target in 2013 but they have continued to fail to meet it and have been pushing back the date. Policymakers carried out a comprehensive assessment of the banks easing steps including nega
On the beach. Lancaster 76 for your temperatures out now. Breezes yesterday, not the case now. Things fairly light. Breeze for Atlantic City and trenton. Could get breezy on the shore this afternoon. Highs today 82 philadelphia. Well be about mid 70s for the shore. Sunny skies throughout the afternoon. Maybe few clouds by later in the evening. Not a bad day. Tomorrow, more clouds expected tomorrow afternoon. Going to be a hot and sticky week next week as we approach the 90s again. Well talk about what to expect coming up in your first alert forecast here on nbc 10. Rosemary . Thank you ted. Setpas Regional Rail service is back on track. Workers returned to work after workers resumed after the strike. Katy is there. How are things running this morning . Reporter last check things were running well. I spoke to a spokesperson that said one engineer didnt show up for work. That affected a train on the doylestown line. Other than that a, all employees showed up. You can see from the board t