KQED Nightly Business Report August 27, 2016
Rate hike. The head of the bank says the labbe r market is so and so is the outlook for activity and inflation. That means the case for a rate rate rise has strengthed. Investors seemed to like that sending stocks high e but then her number two vice chair was more direct and said that with a possible we september rate hike and that changed the mood. Stocks reversed course and the dpan of the morning were gone. The Dow Jones Industrial average 63 points to 18,395. E liesman reports from p off jackso after taking in the t yeln took at the feds annual meeting an suggesting Interest Rates. She sai...