The Fed, however, gave a more positive message on the economy than when they met in December. “They coupled a firmer economic growth scenario with the expectation of moderate growth, and they expect the inflation outlook to be improving,” John Miller, head of fund management at Nuveen Investments, said about the Fed’s decision. “I don’t think it makes it any more likely that they would feel compelled to raise rates.”
The PCI Manufacturers’ Index suffered little equivocation this session: the direction was up. The index increased 73 points even to end at 1234.23, a 6.29 percent increase. Two of our 10 companies were up over six points; four more were up above three points. Only one company closed in negative terrain.