Daily Market Update 9/21/17

Rates inched higher Thursday following yesterday’s Fed meeting.  The Federal Reserve confirmed plans to begin reducing its holdings of U.S. Treasuries and mortgage-backed securities in October.  While the Fed made no rate changes, the majority of voting members anticipate raising short-term rates once more this year, followed by three increases next year.  In today’s news, weekly Jobless Claims fell to 259,000, well below the consensus forecast of 300,000.  The figures have been distorted for the past few weeks by recent storms in Texas and Florida.  Leading Indicators rose 0.4%, beating expectations.  No other key data will be released today.

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