Closing Market Report 1/31/2018

The KUIK Closing Market Report for Wednesday, January 31:

Markets were up.

Index

Direction

Change

Units

Index

Time

Change

Dow

Up

                    73

 points

        26,149

2:40 PM

S&P500

Up

0.1%

percent

          2,824

       1.38

Nasdaq Composite

Up

0.1%

percent

          7,411

       9.00

30 Year Treasury

Down

                     (4)

Basis Points

           2.94

Annual Yield

The Federal Reserve left short-term interest rates unchanged with the fed funds rate between 1.25% tp 1.5%. It said it expects inflation "to move up this year" in a sign it’s likely to hike rates at its next meeting in March and that inflation will probably stabilize around its 2% target, dropping prior language about a recent decline in prices. In December, the central bank projected it would raise rates three times in 2018. The two-day meeting was the the last for outgoing Chairman Janet Yellen.  Jerome Powell will take over February 3.

if you would like a free Social Security and Retirement Analysis go to brcapitalinc.com/kuik. Serving the West Side first, I am Bill Roller for 1360 KUIK.

www.marketwatch.com/story/fed-expects-inflation-to-move-up-in-2018-signaling-march-rate-hike-2018-01-31

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