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Case-Shiller to Report on November Home Prices

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  • Description

    FBN's Diane Macedo breaks down morning business news.

  • Duration 1:35
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This is -- Imus in the morning.

On the -- Good morning everyone the Federal Reserve will kick off its two day policy meeting today but don't expect to hear much of a change in message.

Analysts predict the Fed will stick but its plan of allowing consumers and businesses to borrow at cheap rates in an effort to help the economy last month the Central Bank signalled.

As long as the inflation outlook is -- could keep short term rates near zero.

Until unemployment dips below six point 5% from the current rate of seven point 8% the Fed -- that could take.

Until the end of 2013.

A 2015.

This.

We'll get a look at home prices this morning -- case Shiller releases its report for November.

Economists are expecting the twenty city index to remain unchanged from October on a non seasonally adjusted basis but year over year.

The index is expected to rise five and a half percent last month climbed more than 4%.

And the Royal Bank of Scotland is reportedly close to -- more than 785.

Million dollar settlement.

With US and British regulators over claims at some employees submitted false interest rates.

According to the Wall Street Journal the agreement would involve the bank pleading guilty to criminal charges in addition to paying a penalty for manipulating the Libor rate.

While RBS executives are resisting making guilty plea the paper says a deal is expected to close within that within the next two weeks.

Let's take a look at -- now receive red arrows across the board here Dow futures are down 28 the S&P down about five and the NASDAQ down almost ten.

Imus in the morning continues right now on Fox Business.

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