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Francine good afternoon if you are watching from asia. This was a couple of days after the news from the saudi attack on the infrastructure of saudi aramco. Bank raised its benchmark rate to 1. 50. They had flagged they would raise rates. Wereeason why people questioning whether they would do it is because the World Economy is more uncertain than a couple of months ago and you see a lot more dovishness from the ecb and the fed. Toit is quite difficult raise Interest Rates in this kind of environment. Eurodollar at 1. 1, and because it has been a very big week in oil, we have a look at the oil price. Norwegian krone on the back of raised, having a significant move to 9. 85. , we speak to the governor of the norwegian central bank. Dont miss that interview just after 10 30 a. M. London time. Lets get straight to bloomberg first word news in your city. New sanctions against iran ....
To run below our objective, a mild undershooting of the Unemployment Rate considered to be normal in the longer run could help inflation, could help move inflation back to 2 more quickly. Second, a stronger job market could also support labor market improvement along other dimensions, including greater labor force participation. A third reason relates to the risks associated with the constraint on conventional Monetary Policy when the federal funds rate is near zero. If inflation were to move persistently above 2 , or the economy were to become noticeably overheated, the committee could readily increase the target range for the federal funds rate. However, if inflation were to remain persistently low or the expansion were to falter, the fomc would be able to provide only limited amount of additional stimulus through conventional means. These motivations notwithstanding, i ....
Again, those dow futures down by 137 points below fair value. The month is wrapping up today and so far, the stock market is down about 3 this week. We know that old adage, as january goes, so goes the year. That statistic has been right 62 of the year. Well see if that holds true for this time or if this happens to be youre looking at a correction at the beginning of the year. We saw so many gains as we ended last year. Take a look at the treasuries. The tenyear note is at this point yielding 2. 674 . So below 2. 7 . So well have to watch this closely. In europe today, stocks are lower in the early trading. Among some of the reasons listed, eurozone inflation data missed expectations. You can see the biggest decliner there is the dax in germany, down by about 1. 3 . As for asia overnight, it was a quiet session. Trading volumes were very thin because of the Chinese New Year holiday. That had shanghai, hong kong, south korean ma ....
Home Free has come to a fork in the road but they've been here before. During this interview, the group look back at the response from other artists and their future. ....
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