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Steve engle at Standard Chartered with a blistering note about the fed minutes being reinterpreted. Weve got some breaking news. I dont know if you see it there i home in london, but this is critical. Alone,leaves the rate and we get turkish weakness of that headline. Mr. Erdogan simply doesnt want to raise rates, does he . Anna absolutely. They are leaving their oneweek repo rate. The big picture here is that many economists saw this coming, but also thought the Turkish Central Bank should hike rates because the Interest Rate in turkey is well below inflation, and that kind of makes turkey stand out on a number of measures. They are also spending fx reserves to try and prop up that lira. We were talking about a turkish crisis back in 2018. The lira is weaker now than it was then. We will talk more about emergin ....
Gorgeous morning, and nice change travel much improved and some of you are waking to up a white thanksgiving. Number of the day, a seven, left over flurries in slick spots on the roads, otherwise it will be a cloudy but chilly holiday. More sun later this afternoon. Bus stop budd any his pilgrim outfit obviously, left over showers across the area, including some flu myers philadelphia. 36 degrees at the airport, where we are seeing much smoother day. Ground stop yesterday afternoon, many delays, but thats not the case if you are taking to the air this morning. Your foxcast for thanksgiving day today, 41 degrees, couple morning showers, mostly cloudy skies, late day sun, clear and cold tonight for the shoppers, 29 degrees is that low temperature, well have your very chilly black friday forecast coming up in the seven day. First we start off with live look at route 30. At business route 30, the ramp, there, and seeing just few cars really very quiet out there this morning, obviously no c ....