KQED Nightly Business Report October 29, 2015
Specifically to its next meeting, the last one of 2015. Stocks pulled back initially only to take off, rising more than 1 by the close. The Dow Jones Industrial average gained 198 points to close at 17,779. The nasdaq rose 65. The s p 500 notched a 24point gain. And the yield on the tenyear treasury rose. Steve liesman has more on the feds assessment of the economy and what it might do next. Reporter some big changes in the feds october statement that suggest a possible rate hike in december. The fed left Interest Rates unchanged, but it downgraded its concerns over Global Economic and financi...