Investors Take Note of the Positive Outlook for Global Growth

from http://newsroom.ameriprise.com/commentary/investors-take-note-positive-outlook-for-global-growth.htm

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The Fed, German Elections and Tax Reform ā€“ Markets Take the Latest News in Stride

As expected, the Federal Reserve announced the commencement of its balance sheet runoff at last week’s meeting. The meeting did, however, contain a few surprises. First, the Fed maintained its expectation of another rate hike in December. Prior to the meeting, the odds of a rate hike in December were 53 percent, according to Bloomberg’s world interest rate probability, as investors weighed the Fed’s previously stated intention of a hike in December against persistently low inflation readings. Following the meeting, however, those odds spiked to 64 percent.

from http://newsroom.ameriprise.com/commentary/the-fed-german-elections-and-tax-reform-markets-take-latest-news-in-stride.htm

Ameriprise Financial helps bring more than five million meals to families in need

MINNEAPOLIS, MN – September 22, 2017 – For the sixth year in a row, Ameriprise Financial, Inc. is matching donations to Feeding America® now through Thanksgiving. Every dollar (up to $250,000) given to Feeding America as part of the campaign will help provide 22 meals to families and individuals who face hunger – which amounts to twice the impact of a standard dollar donation. These contributions will support Feeding America, the nation’s largest domestic hunger-relief organization with a network of 200 member food banks across the country, including areas recovering from the destruction caused by recent hurricanes. Members of the public are invited to contribute by visiting: www.supportfeedingamerica.org/Ameriprise.

from http://newsroom.ameriprise.com/news/ameriprise-financial-helps-bring-more-than-five-million-meals-to-families-in-need.htm

Several Signs Point to Strong Economic Conditions

The S&P 500 enjoyed its best week since the first week in January, adding 1.6 percent to close at 2500 for the first time. Most of the gains came early in the week after a weekend in which North Korea refrained from another missile launch, and the destruction from Hurricane Irma, as bad as it was, was not as devastating as feared. As it turned out, North Korea was simply waiting for a different launch date, this time on Friday. But stocks held onto their gains anyway, rising fractionally on Friday to close at a new record high. Although markets took this latest provocation in stride, the North Korean threat has certainly not gone away, and will be the topic of discussion this week at the UN.

from http://newsroom.ameriprise.com/commentary/several-signs-point-to-strong-economic-conditions.htm