| The KUIK Morning Market Report for Wednesday, June 18: | |||||||
| Markets are flat. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (1) | points | 16,808 | 7:04 AM | ||
| S&P500 | Up | 0.1% | percent | 1,945 | 2.52 | ||
| Nasdaq Composite | Down | -0.1% | percent | 4,334 | (3.35) | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.44 | Annual Yield | ||
| The Federal Reserve winds up its two-day policy meeting today and there will be press briefing by the Fed chairman Janet Yellen at 11:30 am Pacific time. The central bank is expected to reduce its monthly bond purchases by another $10 billion to $35 billion a month and leave ithe fed funds policy target of 0% to 0.25% unchanged. nvestors will watch for any comments from Yellen that point to when the Fed will begin to raise interest rates as the central bank reaches its inflation target at 2%. Data released yesterdayshowed inflation hitting an unadjusted 2.1% rate in May. The market will also look for a possible reduction in the Fed’s growth projection for the economy this year. | |||||||
| July Nymex WTI crude added 0.4%, to $106.73 a barrel after militants in Iraq attacked the country’s biggest oil refinery in the northern city of Baiji. It is the biggest producer of refined fuel for Iraq’s domestic market. The attack doesn’t affect production or exports from the country’s main oil fields and facilities in the south but is raises concerns over the situation in the country. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/stock-futures-steady-ahead-of-fed-announcement-2014-06-18?dist=markets | |||||||
| http://www.marketwatch.com/story/crude-oil-pushes-toward-107-after-iraq-refinery-attacked-2014-06-18?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||