Daily Market Update 10/14/16

Rates held steady Friday as newly released economic data came in close to expectations.  This morning, September Retail Sales rose 0.6%, matching the consensus forecast.  Excluding the volatile auto component, Retail Sales increased 0.5%, also matching forecast.  The Producer Price Index (PPI) rose 0.3%, a bit higher than expected.  Consumer Sentiment fell to 87.9, well below expectations, to the lowest level since September 2015.  Stocks moved higher.  No other key data will be released today.

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