Daily Market Update 9/14/15

Mortgage rates were little changed Monday in quiet trading ahead of this week’s Fed meeting.  No key economic data will be released today.  August Retail Sales will come out on Tuesday, and the Consumer Price Index will be released on Wednesday, but the big news will be the two-day Federal Open Market Committee meeting to discuss monetary policy.  The meeting will be followed by a Fed statement on Thursday at 2:00 PM.  Many investors are expecting the Fed to raise short term interest rates for the first time since 2008.  The market may be extremely volatile later this week.

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