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The Federal Reserve ends a two-day meeting this afternoon with an announcement on interest rates. Don't expect a change to rates at this meeting, though the Fed's statement could shape expectations for the rest of the year. (AP)

Apple saw strong demand for the iPhone 7 with profits in the quarter up 8% to $3.36 a share, and sales increased 3% to $78.4 billion. Over the quarter, 78.3 million iPhones were sold, up 5% from a year earlier. Services revenue increased 19% in the quarter to $7.17 billion. (AP)

The employment cost index rose 0.5% in the final quarter of 2016. The ECI reflects how much companies, and governments pay their employees in wages and benefits. The index grew by 2.2% in 2016 and 2% in 2015. Wages represent about 70% of a company’s cost to employ its workers. Benefits rose 0.4%, marking the smallest increase in since the spring of 2015. (MarketWatch)

Whole Foods is shuttering its three commercial kitchens, which manufacture ready-to-eat meals for stores. Whole Foods is going to outsource food preparation. (WSJ)

With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.
 

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Help Puerto Rico

Most organizations are asking for cash, rather than supplies, so they can route help to where it’s needed most more quickly. Here are some of the largest groups with campaigns underway:

 

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  • Click on the link for the latest conditions on the mountain passes.

 

  • Intersection of NW Broadway Street and NW Delaware for waterline replacement project, road closures with detours clearly marked for thru traffic, 7 a.m. – 4 p.m. daily with roads opened nightly. Motorists are encouraged to avoid this area and use Bond Street and Wall Street.

 

  • Nels Anderson Road between Nels Anderson Place and Brandis Court, single northbound shoulder closure will be in effect, two-way traffic to be maintained. Project completion expected December 2017.