FIRST AIRED: September 19, 2016

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>> Global Markets facing a cliffhanger this week of Central bank proportions. After days of volatility, US investors are now confident the Federal Reserve will do little to unhinge the global economy or surprise the market. Reuters markets correspondent, Louis Kroscup says the stakes are high.>> The Fed meets this week on Tuesday and Wednesday.
And Wednesday is when we expect the big statement from the Central bank. As it stands right now traders and economists, neither group is really expecting the Fed to raise rates at this meeting. As one investor told me it would be a real scramble for investors if the Fed did decide to raise interest rate.
>> And that's the wild card here. While the market comfortably thinks the Fed will sits on its hands, nobody knows if that's true. There's a vocal debate between policy makers and economists on whether the economy is already in good enough shape for a rate hike versus solid market expectations, for a wait until December.
While investors are willing to bet their Fed predictions are right, there's less certainty about what's going to happen oceans away.>> There's a lot of interest into what the Bank of Japan is gonna do as far as whether it will further cut rates, whether what it's gonna do with stimulus, whether it's gonna go more solidly into negative territory with interest rates.
They're trying to boost inflation there, for one thing, which has been a real issue in Japan. They're trying to stimulate the economy.>> A word of caution from analysts, any hints that an end to the era of free money that's fueled the rally is coming sooner that predicted And the response is likely to be a dramatic sell-off