| The KUIK Market Update for Wednesday, October 22: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 6 | points | 16,621 | 7:56 AM | ||
| S&P500 | Up | 0.2% | percent | 1,945 | 4.20 | ||
| Nasdaq Composite | Up | 0.2% | percent | 4,429 | 9.82 | ||
| 30 Year Treasury | Up | 2 | Basis Points | 3.00 | Annual Yield | ||
| The Labor Department reports consumer prices rose in September due to higher costs for food and housing, but inflation was held down by falling energy costs. The consumer price index climbed a seasonally adjusted 0.1% in September after falling by 0.2% in August. That matched expectations. Energy prices fell 0.7%, led by gasoline, for the the third straight monthly drop. Food prices increased 0.3% . Core CPI, which excludes food and energy, also rose 0.1%. Housing rose again and the 12-month increase hit 3% 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 August but economists expect falling oil prices to push consumer prices lower in the months ahead. | |||||||
| Americans who get Social Security will receive 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. | |||||||
| 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 Market Update Report click to listen-> | |||||||