| The KUIK Morning Market Report for Wednesday, October 22: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 7 | points | 16,622 | 7:11 AM | ||
| S&P500 | Up | 0.1% | percent | 1,943 | 1.72 | ||
| Nasdaq Composite | Down | 0.0% | percent | 4,418 | (1.56) | ||
| 30 Year Treasury | Up | 3 | Basis Points | 3.02 | Annual Yield | ||
| U.S. consumer prices rose slightly in September due to higher costs for food and housing, but inflation is held down by falling energycosts. The consumer price index climbed a seasonally adjusted 0.1% in September after falling by 0.2% in the prior month, according to the Labor Department. That matched expectations. Energy prices fell 0.7%, led by gasoline, for the the third straight monthly decline. Food prices increased 0.3% . Core CPI, which excludes food and energy, also rose 0.1%. Housing rose again and the 12-month increase hit3% for the first time in six years. Medical costs also went up. Consumer prices have risen an unadjusted 1.7% over the past 12 months, same as in August. Economists expect falling oil prices to push consumer prices even lower in the months ahead. | |||||||
| Americans who get Social Security will recieve a 1.7% increase in their monthly checks in 2015, according to the Social Security Administration. The extra benefits kick in on Jan. 1 and amount to an average of about $20 a month. Social Security recipients got a 1.5% cost-of-living adjustment in 2014 and 1.7% in 2013. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/consumer-prices-rise-slightly-in-september-on-higher-food-housing-costs-2014-10-22 | |||||||
| http://www.marketwatch.com/story/social-security-checks-expected-to-increase-17-in-2015-2014-10-22 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||