| The KUIK Morning Market Report for Wednesday Nov 20: | |||||||
| Markets have changed little. | |||||||
| Direction | Change | Units | Last | Time | Change | ||
| Dow | Up | 3 | points | 15,969 | 7:15 AM | ||
| S&P500 | even | 0.00% | percent | 1,791 | |||
| Nasdaq Composite | up | 0.21% | percent | 3,941 | |||
| 30 Year Treasury | unchanged | – | Basis Points | 3.77 | Annual Yield | ||
| The decline in the CPI index is the first since October 2009 and is yet another sign that inflation in the U.S. economy is largely absent. The low level of inflation has enabled the federal reserve to maintain a huge economic stimulus program and some central bankers may see the continued lack of pricing power as evidence that the economy is still too weak for the strategy to be unwound anytime soon. | |||||||
| In October the consumer price index dropped a seasonally adjusted 1/10 of 1%. Economists polled by MarketWatch had expected the CPI to be unchanged. Over the past year consumer prices have risen by an unadjusted 1% the smallest increase since October 2009. Energy prices sank 1.7% lead by 2.9% decrease in gasoline. Food prices rose 1/10 of a percent for the 2nd consecutive month. | |||||||
| Serving the West Side first, I am Mike Elerath of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-consumer-prices-decline-in-october-2013-11-20 | |||||||
| http://www.marketwatch.com/story/us-consumer-prices-decline-in-october-2013-11-20 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||