Federal reserve policy makers at their last meeting. According to the minutes released today, many said they were inclined to wait before hiking Interest Rates because moving too soon could stall the recovery. Still, others said the central bank had waited long enough suggesting that the majority is in a real hurry to move away from the zero Interest Rate policy as followed for some years now. Stocks briefly peared their losses on the release of the minutes but failed to end the session higher. At the close, dow jones down to 18,029. Nasdaq eked out a gain of 7 and s p 500, it was just basically flat on the day. And yields on the ten year note fell on signals the fed would continue to be in its words, patient on rates. Hampton pearson has more on the minutes and the road ahead for Interest Rates. Reporter fed chair janet yellin and policy makers did not appear to start raising Interest Rates anytime soon. While job growth is increasing and the Unemployment Rate remains below 6 policy m
That was the big takeaway from Federal Reserve policy makers at their last meeting. According to the minutes released today, many said they were inclined to wait before hiking Interest Rates because moving too soon could stall the recovery. Still, others said the central bank had waited long enough suggesting that the majority is in a real hurry to move away from the zero Interest Rate policy as followed for some years now. Stocks briefly peared their losses on the release of the minutes but failed to end the session higher. At the close, dow jones down to 18,029. Nasdaq eked out a gain of 7 and s p 500, it was just basically flat on the day. And yields on the ten year note fell on signals the fed would continue to be in its words, patient on rates. Hampton pearson has more on the minutes and the road ahead for Interest Rates. Reporter fed chair janet yellin and policy makers did not appear to start raising Interest Rates anytime soon. While job growth is increasing and the Unemploymen
Federal reserve policy makers at their last meeting. According to the minutes released today, many said they were inclined to wait before hiking Interest Rates because moving too soon could stall the recovery. Still, others said the central bank had waited long enough suggesting that the majority is in a real hurry to move away from the zero Interest Rate policy as followed for some years now. Stocks briefly peared their losses on the release of the minutes but failed to end the session higher. At the close, dow jones down to 18,029. Nasdaq eked out a gain of 7 and s p 500, it was just basically flat on the day. And yields on the ten year note fell on signals the fed would continue to be in its words, patient on rates. Hampton pearson has more on the minutes and the road ahead for Interest Rates. Reporter fed chair janet yellin and policy makers did not appear to start raising Interest Rates anytime soon. While job growth is increasing and the Unemployment Rate remains below 6 policy m
Exchange as we get right to it steve dudache. Peter Anderson Kelly conley, john kenley and our very own Rick Santelli. What do you think is driving the selloff today . I think its a misunderstanding of this new adjustment in the china markets. Shorting the markets, allowing that to happen kelly, isnt necessarily causing markets to be regulatory in the sense that they will drive prices down. You know shorting doesnt prevent bubbles. And i think everybodys looking at this as a sense that if you introduce shortings to the china marketing with all of a sudden that bubble may burst. If that were the case kelly, look at the u. S. Weve had shorting here for a long, long time. Yet weve still had market bubbles. So i think its a little bit of a misunderstanding. It probably will help price discovery but in general, its just going to make the market more orderly and not necessarily a bearish instrument that most people i think are interpreting this news today. Steve money has been flowing into e
Folks, right here. Think about that. A halo, a pitch. You put your money in or watch for warning signs . Sheila and seema have both sides of the coin today. And Timothy Geithner, the back story, folks, former treasury secretary, key player in the financial crisis, has a new job now, but wait until hear the backstory and st. Loueve liesma it. Halo or pitch fork . Seema is such a sweetheart, should have been two halos. I know what they were trying to do. No way she could be a devil. We have a recordbreaking day down here, ty. The dow and s p crossing big, big numbers, 16,000 for the dowp. Right now it is up 39 points on todays trading session, but its up 144 from the march 2009 bottom. The s p hit the 1800 mark for the first time ever, it is now slightly to the downside. Its kind of hugging that 1800 mark. But it is up 165 since that 09 bottom. The nasdaq inching ever closer to 4,000. That index is down 4. 5 points today but its up 214 since march of 09. The big question now is, where do