The Fed begins a two-day meeting and the talk turns to Operation Twist, with CNBC's Steve Liesman & Joe Kernen, and Andrew Ross Sorkin, The New York Times. CNBC's Michelle Caruso-Cabrera reports on the downgrade of Italy's credit rating. Also, Washington Post columnist Neil Irwin discusses today's Fed meeting.
Euro leaders squabble and the Russian ruble is rocked - it's time for your Friday FX Fix.
CNBC's Carl Quintanilla moderates a panel on real estate. Many real estate investors got torched during the financial crisis. Is now the time to come back to real estate, with Bill Ackman, Pershing Square Capital Management LP founder and CEO; Barry Sternlicht, Starwood Capital Group chairman & CEO; and Sam Zell, Equity Group Investments chairman.
Don Luskin, chief investment officer at trend macro, says that the U.S. job market is not as bad as what everybody says. Tai Hui, regional head of economic research, Southeast Asia at Standard Chartered says that no net job increase for the month of August is great hindrance to the U.S. consumer sector.