Markets Flat as Interest Rates May Climb (AAPL, AMR)

At a meeting of the Federal Reserve Board members, it was hinted that higher interest rates may be coming down the road as signs of an inflation are appearing. In response to that perceived price inflation, the stocks of companies that manufacture basic production inputs rose slightly, but markets were flat overall. In corporate news, a  $625 million patent suit against Apple (AAPL) was dismissed. American Airlines’ parent company AMR Corp (AMR) struck a deal to appear once again on Expedia (EXPE).

Word on the Street

• The market was mostly flat today after the release of the minutes from the Federal Reserve meeting.
• Fed Board members have hinted that higher interest rates may be on the way.
• Corporate tax reform claimed to be “revenue neutral” is on its way.
• A government shutdown appears to be imminent.
• A patent suit against Apple (AAPL) was overturned.
• American Airlines (AMR) is once again available on Expedia (EXPE).

Interesting Tidbits

• It’s important to get attention, but also important that it is the right kind of attention.
• Sometimes top talent isn’t as valuable as shared vision.

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