Economic Statistics for 27 Jul 16
The Federal Open Markets Committee Voted to keep short-term interest rates unchanged today, with a Fed Funds target rate of 0.25%-0.5%.
June factory orders plunged a steep -4.0%, with ex-transportation orders down -0.5%, but core capital goods orders rose 0.2%. On a year-over-year basis, orders are down -6.4% overall, with ex-transportation orders down -3.6% and core capital goods down -3.7%.
The Pending Home Sales Index rose 0.2% in June, to 111.0.
The MBA reports that mortgage applications fell -11.2% last week, with purchases down -3.0% and refis down -15.0%.