Eric G.

ON AIR NOW

Eric G.

12:00pm - 2:00pm

Contact
Business News


US Stocks finished mostly unchanged last week with earnings season coming to an end, investors are now focused on trade negotiations between the US and China.  Investors are also focused on Washington and the looming second government shutdown possibly starting on Friday.
 
You can thank falling inflation for the 5 week rally in the stock market.  The Federal Reserve did an about-face last month after they raised rates in December.  The decline in inflation gave the Fed the cushion to leave rates unchanged with the consumer price index at it's lowest level since the summer of 2016.  There is now a 50/50 chance that the Fed actually cuts rates sometime in 2019.
 
The first tax-filing season under the new tax law has gotten off to a slow start with filers seeing smaller average refunds, according to the IRS.  16 million returns have been filed so far with the average refund down 8% to $1,865.
 
And a coalition of more than 150 Oregon farmers, retailers, and other businesses have calculated that Oregon businesses paid $84 million in added tariffs since last October.  Oregon companies also felt the burden of retaliatory tariffs on their finished goods sent to China.

 

With Northwest Quadrant Wealth Management I'm Tyler Simones

Hide Comments

News
Traffic

 

 

  • Hwy 20, Santiam Pass, 1-mile East of Suttle Lake to ORE 22 junction, up to 20 min DELAYS, Paving and Striping. 9am-5pm through 10/17
  • NE 3rd Street between NE Greenwood Avenue and NE Franklin Avenue for Citywide Pedestrian Safety Improvements, periodic lane closures with local access, 9/16/19 - 10/25/19, night work from 10 p.m. - 10 a.m.
  • 61st St CLOSED between Young Ave & Canal Blvd as part of the “Six Corners” Improvement (through 11/8)
  • SE 3rd between Hwy 97 and Murphy Road CLOSED 8pm – 5am (8/25-10/18)

 

 

KBND ON FACEBOOK
 
FOLLOW US ON TWITTER