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Stock Market Today

Thursday, September 21 2017

Daily Updates

Stock Market Today: September 20, 2017

Harvey S. Katz, CFA, Adam Rosner, and Robert Mitkowski | 09/20/2017

Stock trading was quiet for much of Wednesday as investors waited for the Federal Reserve’s 2:00 Eastern Time decision about interest rates. The Fed’s decision to leave rates unchanged for now was largely expected.

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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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