Google has invested $10.5 billion building data centers across the country since 2006. Google opened its third data center in The Dalles, Oregon in February and now employs 200 there. The Dalles received about $937,000 in electricity franchise fees in 2017. (OregonLive)
The Fed begins a two-day policy meeting this morning, with an interest rate decision and policy statement set for tomorrow at 11 PST. No rate hike is expected this time, and there's no post-meeting news conference. (CNBC)
The Commerce Department reported consumer prices jumped 2.0% year-on-year in March. That was the biggest gain since February 2017.
The Commerce Department's also reported consumer spending increased 0.4% in March. Consumer spending grew at a 1.1% annualized rate. The slowest in nearly five years.
Wages gained 0.2% in March. Savings fell in March, as the saving rate slipped to 3.1%.
With 267 S&P 500 Index companies having reported earnings for the quarter are tracking to a 24.6% year-over-year increase.
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.