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Federal Reserve to Begin Policy Meeting Today

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  • Description

    FBN's Diane Macedo breaks down early-morning market news.

  • Duration 2:35
  • Date

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This is very Imus in the morning from.

On the five billion.

Good morning everyone let's start things off the live look at the markets in Asia stocks close mostly higher Japan's Nikkei got a boost.

From a rally in bank stocks but can't say the same for Hong Kong after Goldman Sachs cut its stake.

In Industrial & Commercial Bank of China that stock at a day.

To downside turning to Europe a closely watched survey forecast German consumer confidence will rebound next month topping estimates London's currently up.

About twelve points -- Paris and Frankfurt slightly to the downside -- in here in the US we're also looking at red -- fairly flat -- ahead of the start.

The Fed's two day meeting looking yesterday weakness in material stocks pushed the major indexes lower the Dow snapped a six session winning streak.

Shares of Yahoo! on the other hand are up more than 2% in the premarket after the company reported stronger than expected fourth quarter results.

Internet company reported an adjusted profit of 32 cents a share that topped the estimate by four cents.

Revenue came in at one point 22 billion dollars just beating.

The expectation.

CEO Marisa Mayer says she's proud of both the fourth quarter results which mark the first full quarter.

Under -- leadership.

And the full year results which showed -- first annual revenue growth in four years.

The Federal Reserve will kick off its two day policy meeting today but the Fed isn't expected to change its message.

Analysts expect the Central Bank to stick with its plan of allowing consumers and businesses to borrow at cheap rates in an effort to help the economy.

Last month the Fed signaled it will -- policies to specific economic measurements.

Say as -- -- the inflation outlook is mild to keep short term rates.

Near zero until employment dipped below six point 5%.

From the current rate of seven point 8%.

The bank predicts that could take until the end of -- fifteen.

And -- get a look at home prices this morning location of the releases its report for November.

Economists expected a twenty city index to remain unchanged from October on a non seasonally adjusted basis.

But year over year index is expected to rise five and a half percent last month.

It climbed more than 4% but the housing recovery has been an even as we saw yesterday when pending home sales unexpectedly fell last -- will be keeping an eye and that one.

As usual do the numbers as soon as we get them here.

In the meantime let's take a look at commodities this morning those -- integrated we of oil up by twelve cents trading.

-- 96 dollars a barrel gold is up almost eight dollars at 1660 to announce.

Imus in the morning starts right now on Fox Business giving you the power to prosper.

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