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Daily Scan: Rates stay steady, markets dip

By NexChange
Capital Markets

September 17

Good evening.

The decision is out: the Federal Reserve will not be raising interest rates yet, but Chairwoman Janet Yellen promises that a 2015 rate rise is still the goal. Stocks were up slightly midday, but dipped after the Fed announcement. The Dow closed with a 0.4% loss. The S&P 500 fell 0.3%, but the Nasdaq posted a 0.1% gain. Oil fell slightly, dropping just below $47/barrel.

Here's what else you need to know:

Ron Perelman quits Carnegie Hall board. The financier announced his resignation, effective next month, following ongoing battles with Carnegie Hall leaders. Perelman says the hall lacks transparency in operations, and the process of approving third-party transactions is lacking. Wall Street Journal

FIFA exec suspended. Jerome Valcke, the second highest ranking FIFA official, is on leave while under investigation for corruption. Valcke may be tied to the black-market sale of World Cup tickets. New York Times (paywall)

Florida woman arrested for weapons warehouse. Nikole Dykema reportedly had at least 3,714 bladed weapons, including machetes and hatches, in a house. The 47-year-old woman also booby trapped the home and yard. It's not clear why Dykema had the weapons, but she was arrested for a parole violation. CNN

The military in Burkina Faso has staged a coup. Just days before the general elections, the military has seized the President and Prime Minister and declared military rule. An official called out the leaders of the West African nation as a "deviant transitional regime." Ex-general and former presidential advisor Gilbert Diendere has been declared the new leader. CNN

Housing starts edge lower in August; stocks edge higher. Starts fell to 1.126 million, 3% below the July level which were revised downward along with June. Housing is recovering, but is still well below the norm. Stocks climbed after the report -- could there be some traders hoping the disappointing numbers will thwart a rate hike?

Carly Fiorina shines in raucus Republican debate. The former Hewlett-Packard CEO appeared to rattle the usually unflappable Donald Trump, the frontrunner. The other nine Republican challengers chipped away at Trump, chastising him for his personal insults and questioning his ability to stand on the world stage. CNBC


Japan upper house OKs defence bills amid chaos. A panel in Japan's upper house on Thursday approved legislation for a security policy shift that would allow troops to fight abroad for the first time since World War Two, a ruling party lawmaker said. Opposition lawmakers tried to physically prevent the vote in a chaotic scene carried live on national television. The legislation has sparked huge protests from ordinary voters. Channel News Asia

Chile coast rocked by 8.3 magnitude quake. At least five people were killed and 1 million

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