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U.S. import prices climbed higher for a second straight month in October. Import prices increased 0.5%.  In the last 12 months import prices fell 0.2%, the smallest decrease since July 2014. Imported petroleum prices surged 7.5%, imported capital goods dropped 0.2%, and the cost of imported automobiles increased 0.3%.  Export prices rose 0.2% for October and are down 1.1% from a year ago. That was the smallest decline since October 2014. (Labor Department)

Retail sales rose 0.8% in October. Sales are up 4.3% from a year ago. Auto sales rose 1.1%, service station sales advanced 2.2%, sales of building materials increased 1.1% and online retailers surged 1.5%. (Commerce Department)

Target had a profit of $608 million in the third quarter, up almost 11% from last year.  Sales for the company declined almost 7% to $16.44 billion. Same store sales edged down 0.2%. (AP)

That big spike in bond interest rates since the election of Donald Trump have dampened the mortgage market. Total home loan application volume is off 9.2% and refis are down 11% per the Mortgage Bankers Association.

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

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