Why not, with the latest. Reporter why not. You heard it there, zero Interest Rates basically until through 2023. The Federal Reserve in their Committee Statement saying that they will maintain the accommodative stance until monetary policy, until their goals are achieved in the monetary policy. The Federal Reserve aims to have inflation moderately above 2 . To reach the two target a period of time. This is what chairman jay powell said what is moderate and for how long. Listen. We want to achieve inflation that averages 2 over time and if we do that, Inflation Expectations will be right at 2 and that will help us achieve 2 inflation over time and avoid the situation where the central bank loses its ability to support the economy. Reporter he would not define what moderate was, for how long. Powell fiercely defended Forward Guidance on rates being zero. The fed also made their economic projections, they revised it up. Unemployment rate 7. 6 . 9. 6 in june they thought. End of this year
Just crossing into the green line. Techheavy nasdaq closing lower. Im deirdre bolton, in for melissa francis. Connell good to see you, deirdre. Im Connell Mcshane this is after the bell. First lets get to what is new at this hour. Preparing for the possibility of just a direct hit. Resident across florida, bracing for Hurricane Dorian to strike as potentially catastrophic category 4 storm. If youre in an evacuation zone, youre ordered to evacuate, please do so. Put the safety first. This is potentially a multiday event, where it will churn slowly across the state. Connell at this point dorians path is still difficult to predict. It could end up being the most powerful storm to hit the east coast of florida in nearly 30 years. It is currently a cat3. Winds up to 115 miles an hour. Strengthening over the water. Residents on high alert. Stocking up on usuals, water, food, supplies. Many are finding empty shelves at grocery stores. Certainly long lines for gasoline. Well keep you updated t
After a historically hot and dry summer in Northwest Montana last year, experts and scientists are spending the colder months monitoring moisture levels, weather patterns, drought and other factors in anticipation of the upcoming fire season.