| The KUIK Market Update for Wednesday, September 16: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 72 | points | 16,672 | 8:11 AM | ||
| S&P500 | Up | 0.4% | percent | 1,987 | 8.67 | ||
| Nasdaq Composite | Up | 0.2% | percent | 4,868 | 7.75 | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.07 | Annual Yield | ||
| The Labor Department reports the consumer price index fell 0.1% in August , the first drop since January, mainly because of the drop in the price of gasoline . Economists had expected no change. Energy prices fell 2%. ,A big increase in the cost of eggs increased food by 0.2%. Excluding food and energy, core consumer prices rose 0.1% in August. | |||||||
| The Federal Open Market Committee concludes its two-day meeting Thursday with a policy statement and news conference. Markets will be looking for a direction on interest rates. | |||||||
| The U.S. poverty rate was unchanged at 14.8% in 2014, according to the Census Bureau. This was the fourth consecutive year that the poverty rate did not move from the previous year. The lack of change shows that the progress in the U.S. job market–in 2014 the economy added 2.6 million jobs, the most in more than a decade–haven’t helped lift the fortunes of the nearly 47 million people living in poverty. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-consumer-prices-or-cpi-drop-01-in-august-2015-09-16 | |||||||
| http://www.marketwatch.com/story/gold-futures-tip-higher-after-cpi-report-2015-09-16 | |||||||
| http://www.marketwatch.com/story/us-jobs-growth-not-making-a-dent-in-poverty-2015-09-16 | |||||||
| For today’s Market Update Report click to listen-> | |||||||