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Fed Keeps Interest Rates Low

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Mortgage and Lending with The Federal Savings Bank/Lending in 50 states NMLS # 109616

With no economic reporting today stock traders reacted Lowe's lowered earnings forecast and Target reduced profit expectations.  This set stocks off to a slow start.  What traders were really waiting to see, however, was the minutes of today's Fed Open Market Meeting.  When they reported they were not yet ready to raise rates, stocks made a moderate advance into the close.  The Dow was up 59 points on the day.

1~Judi Barrett
Integrity Real Estate Services 116 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

Jeff,

Thanks for the market report!

Aug 20, 2014 10:47 AM
Roy Kelley
Retired - Gaithersburg, MD

Thanks for the market update. Make this an outstanding day!

 

Aug 21, 2014 04:58 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Jeff, I do not listen to the daily happenings in the market, so thanks for the update.

Aug 22, 2014 12:25 AM