January 4, 2017
Willing to wait, the FOMC held back making conclusions at last month's meeting over the possible effects of new policies under the Trump administration. Many of the members, however, did add increased fiscal stimulus into their projections. Data on December vehicle sales were still not finalized at the close of the markets though the preliminary indications look solid speaking to the strength, if not acceleration, in consumer spending.
The Dow didn't make a final run at 20,000 but did end with a 0.3 percent gain to 19,942. Rates were little changed though the dollar index, after yesterday's 0.9 percent surge, did fall back 0.7 percent to 102.51. Oil firmed back over $53 while gold was little changed at $1,165.