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Melissa . Im melissa lee. Lets take a look at the markets and how were shaping up now ahead of the key fed decision. The dow hit an alltime high with the s p just points away from its own as you see here hogging the flat line in that 2 00 decision dow is flat up by 6 1 2 points s p down by two. Take a look at rates this may be the headline of the markets here, the yield on the ten year sinking to the lowest level since november 10. As for equities, energy, the worst performing secotor as oil falls on bear supply data. Chevron and exxon dragging on the dow. Financials falling ahead of todays fe...

Rate by one quarter of percen percentage point. Our decision reflects the progress the economy has made and is kpekexpected to make of maximum employment and price stability objectives thats signed to us booy law. We released today of principles and plans and Additional Information on the process that well follow in normalizing the size of our Balance Sheet once we determine it is appropriate to do so. I will have more to say of our Interest Rate decision and our Balance Sheet policy. First, i will review recent economic developments and the outlook. Following a slow down in the first quarter,...

Year. Fed chair janet yellen announced the move at a news briefing where she discussed the state of the u. S. Economy. This is an hour. Ms. Yellen good afternoon, before i get started, i want to say that our thoughts are with those who are injured this morning. Today, the federal open Market Committee decided to raise the target range of the federal fund rate by one quarter of percent percentage point. It to one to one quarter percent. Our decision r our decision reflects the progress the economy has made toward maximum employment. We also released today as an addendum to our policy normalizat...

Year. Fed chair janet yellen announced the move at a news briefing where she discussed the state of the u. S. Economy. This is an hour. Ms. Yellen good afternoon, before i get started, i want to say that our thoughts are with those who are injured this morning. Today, the federal open Market Committee decided to raise the target range of the federal fund rate by one quarter of percent percentage point. It to one to one quarter percent. Our decision r our decision reflects the progress the economy has made toward maximum employment. We also released today as an addendum to our policy normalizat...

The statement the following. I quote. The committee currently expects to implementing Balance Sheet Normalization Program earlier this year, provided that the economy evolves broadly than anticipated. In a separate press release, trish, they outline how all of this will work. Fed will begin to unwind the Balance Sheet by allowing 6 billion to roll off monthly initially, 6 billion at threemonth intervals over 12 months until it reaches 30 billion per month. Separately as relates to mortgagebacked securities, 4 billion a month initially. Will increase to 4 billion over threemonth intervals to 12...