2018 Economic Calendar
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Market Reflections  

September 13, 2018
Though last week's jump in average hourly earnings is raising the risk of wage inflation, price pressures at the consumer level are proving dormant. The core CPI inched only 0.1 percent higher in August with the year-on-year rate, which had been on the climb, slipping 2 tenths to 2.2 percent. But the lack of consumer inflation isn't likely to hold back the Fed's determination to raise rates at the month-end FOMC, a move aimed at easing stress on the labor market.

Easing storm threats as Hurricane Florence makes landfall on the Carolinas and as Tropical Storm Isaac eases near the Caribbean took the air out of oil which fell $1.50 to just under $69. Gold edged lower and is near $1,205 while the dollar index slipped 0.3 percent to 94.55. Bonds were little changed while the Dow, getting a boost from reports that the U.S. and China are scheduling new trade talks, added a solid 0.6 percent to 26,145.

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