Economic Statistics for 19 Jun 13
Here are today’s statistics on the state of the economy:
The MBA reports that mortgage applications fell -3.3% last week, with purchases down 3.0% and re-fis down 3.0%.
The FOMC says that interest rates will remain unchanged for the present, but warns that the current easy money regime is coming to and end, or at least slowing. The Committee envisions a slowdown in the current round of Quantitative easing by the end of the year.