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It is inauguration day. So early in the morning. Alreadyre is i amendments to it, things in washington that are so different than anything we have seen in our lifetime. And many people would say pretty much within the modern political ear. It will be different today in washington. Nrancine like its bee different for the last six months. A busy show from the u. S. Treasury secretary and the harvard present emeritus, larry summers. Then the riksbank Deputy Governor. Secretaryato general. Lets get to bloomberg first word news. Donald trump has promised to unify america as he prepares to move into the white house. Speaking on the eve of his inauguration in washington, he vowed to carry out his campaign wages to harden the borders and strengthen the military. Mr. Trump it is a movement that started and it is a Movement Like weve never seen anywhere in the world, they say. Theres n ....
That we saw yesterday, increasing concerns about whether or not the fed is going to raise rates in june. Does the fed threat then rally . I dont think. So im not going to speculate on when theyre going to raise rates. The bottom line is you know theyre going to raise rates. It could be june or september, next year. What the real important question is what are you doing in the fixed income market if the feds raise rates you . Know theyre going to go up. Its just a matter of time. And i get very, very concerned about the 3. 5 trillion that is sitting in fixed income mutual funds as i look forward into a higher rate environment. They could be potentially at risk. Talk to me about stocks. Do you do anything differently with your stock portfolio . No, not at all. If you look at the market, i think the market is in great shape here. Reminds me of 1982 to 2000 market where it was up each and every year. Except for 1990 when down. 5 . One thing that you have to look at this market is theres no ....
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 ....
1. 6 level. And the headlines are on your screen. Our road man begins with a slew of estimates beating goldman and j and j. Netflix, subscriber numbers come up short, stock down 13 in the premarket. And the latest out of the gop convention, over plaguerism and what to expect today. First up though as stocks aim for more record highs, we have four dow components, j and j, ask gold m and goldman. Despite the uncertainty created by brexit, we achieved solid results by continuing to serve our clients across our diversified franchise and managing our business efficiently. One thing weatility is an environment they can operate in. We had very good quarters at bank of america, jpmorgan, sp spectacul spectacular, and city, really good quarter. Goldman, we found out fixedincome trading bank of america had good fixedincome trading. Tell me something i dont know. Goldman doesnt have any equity business to speak of in terms of ipos. It suffers by comparison to a bunch of other companies i did not ....