2018 Economic Calendar
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Market Reflections  

September 12, 2018
The Beige Book is warning that input costs for businesses are going up yet there was very little pressure evident in today's producer price report where results came in at or below low estimates. But the Beige Book is also pointing to wage pressures and is warning that economic growth may be getting held back by lack of available labor, both skilled and unskilled. The Fed, in an effort to prevent overheating, seems certain to raise rates at the month-end FOMC.

Stocks were mixed with the Dow posting a small gain to 25,998. Bonds were little changed with the 10-year Treasury yield edging 1 basis point lower to 2.96 percent. A large draw in weekly crude inventories helped boost oil which rose $1 and is back over $70 near $70.25, while the dollar index slipped 0.3 percent to 94.82.

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