The KUIK Closing Market Report for Wednesday, February 15:
Markets ended up.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
92
points
20,504
6:59 PM
S&P500
Up
0.5%
percent
2,349
11.67
Nasdaq Composite
Up
0.6%
percent
5,819
36.87
30 Year Treasury
Up
3
basis points
3.09
Annual Yield
Three interest-rate hikes in 2017 is likely to be the appropriate path for Federal Reserve policy, assuming the economy stays on track, according to Philadelphia Fed President Patrick Harker. “The overall economy is in pretty good shape,” Harker said in a speech at an outlook conference sponsored by La Salle University. Inflation has been stubbornly low but should rise to the Fed’s 2% target sometime this year or next and the economy has reached the “natural rate” of unemployment. Harker said that policies to grow the economy faster than a 2% rate depend on policies outside the Fed’s purview.
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
