Daily Market Update 9/14/17

Rates held steady Thursday as key economic data came in close to expectations.  This morning, the August Consumer Price Index (CPI) rose 0.4%, above the consensus forecast of 0.3%.  Core CPI, which excludes volatile food and energy components, increased 0.2%, matching forecast, and was 1.7% higher than one year ago.  Weekly Jobless Claims fell to 284,000, below the consensus of 300,000, however the figures have been distorted for the past two weeks due to recent storms in Texas and Florida.  Stocks were little changed.  No other key data will be released today.

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