Free Markets, Free People

Economic Statistics for 29 Oct 14

The MBA reports that mortgage applications fell -6.6% last week, with purchases down -5.0% and refis down -7.0%.

The FOMC Meeting ended today, with the announcement that interest rates would remain unchanged, with a Fed Funds target rate of 0% to 0.25%. The FOMC characterized the economy as “expanding at a moderate pace”, and the job market as “improving”.

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