MARKETS TODAY
Sept 9 (Vica Partners) – Dow up 1.31%, S&P 500 up 1.67%, Nasdaq up 2.19%
Positive signs for the economy helped the market shake off hawkish speak from senior Federal Reserve officials today. While Economists are slightly lowering their inflation forecasts and that could mean the Fed won’t take rates above 4%.
Other top line news …
The yield on the benchmark 10-year Treasury note edged two basis points higher to 3.31%. West Texas Intermediate crude oil rose 3.4% to +$86 per barrel.
What to expect next Week ….
Focus on U.S. inflation data with Consumer Price Index and Core CPI reports out on Tuesday.
