| The KUIK Closing Market Report for Wednesday, June 18: | |||||||
| Markets ended up. | |||||||
| Direction | Change | Units | Last | Time | Change | ||
| Dow | Up | 98 | points | 16,907 | 1:51 PM | ||
| S&P500 | Up | 0.8% | percent | 1,957 | 14.99 | ||
| Nasdaq Composite | Up | 0.6% | percent | 4,363 | 25.60 | ||
| 30 Year Treasury | Down | (3) | Basis Points | 3.42 | Annual Yield | ||
| The Federal Reserve expects to raise short-term interest rates faster in 2015 and 2016 than previously forecast and the central bank voted today to reduce its bond-buying program by $10 billion to $35 billion a month. The Fed now sees the key fed funds rate closer to 1.25% at the end of 2015, up from a prior forecast of 1%. The Fed also expects the rate to move up to around 2.5% by the end of 2016 instead of the previously projected 2.25% | |||||||
| Serving the West Side first I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/fed-sees-interest-rates-bit-higher-in-2015-2016-cuts-bond-buys-2014-06-18 | |||||||
| For today’s Closing Market Report click to listen-> | |||||||