Dissecting The Fed Meeting // Weekly Jobless Claims Rise Slightly // Facebook's CTO Resigns - 9/23 (Hour 1)

(1:23) - The Federal Reserve meeting concluded yesterday with Jay Powell and the Fed indicating that they will begin tapering as early as their next meeting at the beginning of November. The central bank also hinted at raising interest rates next year after originally not anticipating doing so until 2023.(11:50) - China has begun asking local governments to begin preparing for the default of Evergrande after the Chinese government chose not to bail the real estate giant out of its significant debt. What will the consequences and ripple effects of this decision be?(24:26) - There was an unexpected rise in weekly jobless claims last week, as the total reached 351K following a week that saw 335K. (35:22) - Facebook's Chief Technology Officer, who has been with the company for 13 years, has resigned amid increased scrutiny that the tech giant is facing from regulators and lawmakers alike.