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This after moodys cut Credit Ratings on 10 small and midsize banks yesterday, sparking fears over a potential slowdown in the banking sector. The Congressional Budget Office estimating the deficit will top 1. 6 trillion in the first 10 months of the fiscal year. Were watching Second Quarter earnings as well. Disney is going to be reporting after the bell today. The stock is up going into the numbers. Almost 1 . European markets also in the green this morning, take a look at you eurozone, the dax is hir by 182. Asia overnight a mixed story, chinas Consumer Price index down in july for the first...

Right now. Coming up, still sticky inflation has fed official sounding hawkish, feeling a continued crime climb in treasury yields and signs of weakening demand on thursdays 30 year sale. Maybe the feds job is not finished yet. We have a lots of pricing pressure from services. Fear free acceleration. Where is the real acceleration going to come from . It is not exactly what the fed wants. I think they are done on rate hikes. I dont think the fed has done enough. That will bring inflation down to 2 . The doors open for a hike in november. It could be the fed skips the next meeting and then hike...

Yield. Thanks, mr. Chair. A chair brown senator tester f montana, is recognized. Thank yr being here, chair powell. We appreciate your work. Difficult situation. But i think you have done a really good job. Thank you for that. Look, success at the fed mandate for strong employment and stable prices is critical for smallsin. For farmers, ranchers, for montana families. You fall all the metrics. From perspective, where is the economy at . Now and where is it going . Chair powell healthy, sustainable pace. Thats the one thing. Second thing, the labor market is very strong and quite tights. 3 3. 7...

Outlined at the Central Banks Monetary Policy before the Senate Banking housing and urban affairs committee. He also talks about the state of the eco inflation, Interest Rates and bank Capital Requirements. This is two hours and 15 minutes. If you would like to give it again you could certainly dor that. The fed has power in shaping our economy. Your job is to promote stable and maximum employment. Today the cost of living is still too expensive for most americans. The fed has one tool available. That tool does nothing to address the cause for wide costs remain too high. Corporations price gou...

We will come to order. The tears authorized to had to recess at any time. This is the Federal Reserves that are annual monetary report. Without objection, all members have five days in which to submit extraneous materials for inclusion in the record. I will note at the outset, we have a hard stop at 1 00 p. M. To the observed. I see chairman powell smile. Thats three hours. I will know recognize myself for the opening statement. In june of 2023, the conversation in washingtons concerning inflation shifted significantly. Not because of the lectionary fire has been extinguished. From the most re...