This transcript is automatically generated
The Fed statement -- it looks like they're buying time to Bob buying little bit of time here.
Wanna go back to you Jerry because you heard the policy that you heard the the statement in the language in the nuances that your body was asking about at first and it seems like they would acknowledge some -- things going on and in the economy but they've also.
It's sort of bought themselves some time here to have a -- Yeah I think that's exactly what they're doing but I I take this these comments is a signal that they might have to rethink.
You know they reaffirm what specific part of it makes makes you think that.
Economy's recovering moderately and the unemployment rate is coming down.
And expected to continue to come down to all the areas -- -- elevated but I guess is the pace of the way it's coming down that's what I picked up of course it's elevated but they're now acknowledging it's coming down unlikely to continue to come now.
Doug and turning to the markets right now really no reaction and pretty much steady a steady as she goes and markets have about a 116 points what jumped out at Yale you know it for me have a I was paying attention to.
The inflation expectations -- over the long term inflation add to views are stable.
Even though we did acknowledge that it believes sent oil and other commodities will will temporarily move up.
And you know that that is that the Fed -- lending some credence to this notion that we are seeing an -- -- in commodity prices.
And even consumers are starting to feel -- While the market being quiet -- take that it has not -- get in soon as in today.
Odd -- lower inflation you have lower inflation.
-- rising economic backdrop.
There are some real strong changes in language they use notable I'd decreases in unemployment rate unemployment rate well.
Continue to come down.
I had dollars and that as far as the Fed statement -- that's strong language that's a real market positive I think once the markets absorb this.
This market will continue to -- Move forward.
I waited recommend broad global diversification.
As soon it's possible.
The call we were coming to US Peter came and what the -- a lot of Reading.
And I was using high -- is analogy because of the sort of anxiety going into the number.
After the number of bills like the same anxiety is there look everything that you're getting from the floor.
Much -- you see -- in the markets really not reacting too much they got much of what they expected what I was hoping.
Tell what I was listening for was to see whether or not he was going acknowledge.
Gasoline prices and they did they noted you know rising gasoline prices are still very much an issue -- really at the forefront.
For Americans right the more money that they have to put the put in their gasoline tanks.
They can't spend at the stores and stuff so while we're seeing this economic recovery it's quite fragile and what really pointed out about how fragile.
This economy really as it's one the F one C and -- and -- housing housing remains to crack though isn't it great to see the Labor Department.
I need -- labor situation improving some which it hasn't gotten some great retail sales but would be nice if everybody's homes.
Or at least improving -- they certainly can't back to where they weren't originally thought to see some improvement there would be well.