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.