for more on this we're joined by boom bust co-host chrystia and former fed insider danielle de martino booth danielle fed minutes are in focus today and are specifically investors are going to be focused on inflation averaging an extended rate guidance this is these are the last minutes before the election that's just weeks away give us some color on that and how is the market digesting this latest update. well so i think the market is interpreted in today's minutes as saying the fed is standing ready to monetize to print money to satisfy any stimulus spending that comes out i think the obviously the hurdle here is is actually getting congress to act but again the fed is showing a willingness especially with what powell said yesterday. there was no way that there could be too much stimulus and that is fed speak for saying whatever it is if it's 2 or 3 or 4 trillion dollars whatever the price tag is however many treasuries are issued we will buy them in the open market and ensure that there is a smooth transition to getting that money from congress out to the people we get that in spade

for more on this we're joined by boom bust co-host chrystia and former fed insider danielle de martino booth danielle fed minutes are in focus today and are specifically investors are going to be focused on inflation averaging an extended rate guidance this is these are the last minutes before the election that's just weeks away give us some color on that and how is the market digesting this latest update. well as i think the market is interpreted in today's minutes as saying the fed is standing ready to.

in register to intelligence and former fed insider danielle de martino booth and managing director of the market gauge group and author of the bestselling book plant your money tree a guide to growing your wealth and michelle schneider thank you both for joining us today danielle i want to start with you here now that it looks like another relief package is not going to happen before the election unless something miraculous happens. here what will be the impact in the near term for the u.s. economy and markets. well you know it's interesting and there is a new gallup poll out today that showed that american the amount of money that they're going to be spending over the holiday season which is critical given that the back to school holiday shopping season was weaker than it would have otherwise been but it showed that the amount that americans are planning to spend this holiday season is going to hit a 4 year low and that is obviously before gallup took that poll that survey before we've seen this latest setback in the stock market if this is to continue then they'll even be more of pr