Detailed text transcripts for TV channel - CNN - 20100624:13:29:00
The fed turned more cautious with its outlook it came out with yesterday for the economy. in its policy statement yesterday, the central bank said the problems in europe have affected the u.s. economy and slowing down our recovery. policymakers don't think we will be falling back into another recession but that's not much consolation as the fed also warned financial conditions aren't supporting growth at this point. as for later today we will keep an eye on apple's shares and wall street. they are watching to see how the iphone does today because it has big implications for apple's bottom line...
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