Waiting on the Fed. Rent is too high. Drugs are too expensive. CPI up. Sentiment flat. Net worth increases. AZ unemployment rate down. New iPhones. Exploding Galaxies. Deutsche Bank haggles for justice. ExxonMobil’s oil is worth the same today as 2 years ago. Wells Fargo loses billions in market cap, and something more important.   Financial Review by Sinclair Noe for 09-16-2016 DOW – 88 = 18,123 SPX – 8 = 2139 NAS – 5 = 5344 10 Y un 1.70% OIL – .69 = 43.22 GOLD – 4.20 = 1310.90   The U.S. Federal Open Market Committee and the Bank of Japan both wrap up their policy meetings on Wednesday next week. The BOJ is seen as easing policy slightly, while the Fed is widely expected to keep rates on hold. The CME FedWatch tool is currently showing a 12% probability of a rate increase when the Fed’s policy group convenes. Of course, that means it could still happen, maybe so the Fed can show they are independent, or maybe to prove their credibility.   The rent is too high and medical and drug prices are soaring. The consumer price index rose 0.2% in August. The CPI measures prices at the retail level. Over the past year, overall consumer inflation has risen at a 1.1% rate, up from 0.8% in the prior month.  The price for medical care rose 1% in August, the fastest rate since 1984. The cost of prescription drugs also soared 1.3%, bringing the increase ...