Closing Market Report 1/4/2017

The KUIK Closing Market Report for Wednesday, January 4:
 
Markets were up.
 
Index Direction Change Units Index Time Change  
Dow Up                     60 points         19,942 3:54 PM    
S&P500 Up 0.6% percent           2,271        12.92  
Nasdaq Composite Up 0.9% percent           5,477        47.92  
30 Year Treasury Unchanged                      –   Basis Points            3.05 Annual Yield    
 
Federal Reserve officials might have to raise interest rates faster than the ā€œgradualā€ pace that they have stressed, according to minutes of the December meeting released today.  By a unanimous vote on Dec. 14, the Fed raised its federal-funds range by a quarter point to 0.50%-0.75%, its second rate increase in a decade. At the same time, Fed officials said economic conditions will warrant only ā€œgradual increasesā€ in the federal-funds rate with three quarter-point rate increases in 2017. But the minutes of the meeting show the Fed may have to raise rates more aggressively.
 
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
 
http://www.marketwatch.com/story/interest-rate-hikes-might-come-at-faster-pace—fed-minutes-show-2017-01-04
 
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