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Stock Market Today

Thursday, September 21 2017

Daily Updates

Stock Market Today: September 21, 2017

William G. Ferguson | 09/21/2017

The U.S. equity market delivered a mixed showing yesterday. The day’s biggest news came at 2:00 P.M. (EDT) when the Federal Reserve issued its monetary policy statement following its two-day meeting. The statement contained no surprises (more below) and the market’s reaction was rather muted. There was some selling in the minutes following the Fed’s release, but the bears never were able to gain a strong hold.

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Markets Commentaries

The Federal Reserve Has No Surprises in September 2017

Harvey S. Katz, CFA | 09/20/2017

The Federal Reserve did the expected and for now, at least, Wall Street barely reacted. Specifically, the central bank chose to leave interest rates unchanged at its two-day FOMC meeting, which just concluded. That had been widely expected. Also widely forecast had been the Fed's indication that it would begin next month to roll off its $4.5 trillion balance sheet, much of which consists of Treasury securities and mortgage-backed assets it had acquired in the depths of the recession late last decade and its aftermath.

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Markets Commentaries

Beige Book Signals Continuing Modest Growth In The Economy

Harvey S. Katz, CFA | 09/06/2017

The Federal Reserve's Beige Book economic summation came out minutes ago, and this compilation of business conditions across the country signaled that the nation's long-lived economic upturn was continuing to press forward at a modest pace. However, the lead bank also cautioned about the auto industry, which continues to trend lower following a multi-year climb.

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