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Morning Business Outlook: 3/13

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  • Description

    Investors await announcement from the Federal Reserve

  • Duration 1:25
  • Date

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Good morning it's fed day in the markets are on hold investors waiting for an announcement from the Central Bank on whether the US economy is strong enough to manage higher interest rates.

Oar of monetary stimulus may still be needed that decision -- this afternoon.

The Fed also putting nineteen of the nation's biggest banks to the -- -- wants to know if they can withstand a 50% fall in stocks another dip in home prices.

An unemployment rising to 13%.

If the bank -- the so called stress tests that that can prevent it from paying investors.

Annual dividends oil prices falling faster in gas prices both both still historically high.

And the White House unveiling its progress in dealing with America's energy problem.

The administration says production is robust and imports have been cut by a million barrels a day over the past year so why -- gas prices up fifty cents since the start of the air.

That's by causing many commuters to ditch that car for that train -- or bus.

The American public transport association says mass transit ridership rose 2% last year to nearly ten and a half billion trips made.

And retailers are seeing more Green than usual this year saint Patrick day falls on a Saturday more than half of us will celebrate and The National Retail Federation says we'll spend about 35 bucks each doing so.

That's business from one of the top stories log on foxbusiness.com.

In New York -- -- and then at eight.

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