Daily Market Update 9/13/12

Rates were little changed Thursday ahead of this afternoon’s Fed announcement, which may contain details of additional easing measures by the Federal Reserve.  In economic news, weekly Jobless Claims rose to 382,000, above expectations.  The August Producer Price Index (PPI) jumped 1.7% from July and was 2.0% higher than one year ago.  Higher gas prices accounted for much of the increase.  Core PPI, which excludes food and energy components, increased 0.2% in August.  The highly anticipated Fed announcement will be released at 12:30 PM.  Fed Chairman Ben Bernanke will hold a press conference at 2:15 PM.

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