Raise interest rates

Today the Federal Reserve is expected to raise interest rates by 0.25%. That news comes at 11 am.

The expansion turns 9. The economic expansion officially turns 9 years old this month, making it the second longest behind the 10-year expansion during the 1990s. (LPL)

Daimler Trucks North America will invest millions on an automated truck research and development center in Portland. The facility will be located at the company’s Swan Island headquarters. (PBJ)

IHOP has announced its new name – IHOb. To promote the debut of the brand’s new Ultimate Steakburgers, the company is flipping the “P” in its name – which stands for pancakes – to “b” for burgers. However, the name change is only for the “time being,” with no set date for the return of its classic branding. (FBN)

H&R Block earned $5.43 per share for its first quarter. The tax preparation firm also saw sales beat forecasts. They raised their quarterly dividend by 4 percent to 25 cents per share. (CNBC)

S&P 500 is up 3 and the NASDAQ is up 9. The MSCI international index is higher.

Oil is down 33 cents at $66.03 a barrel.

Gold is down $2 at $1298 a Troy ounce.

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

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Troy Reinhart • June 13, 2018


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