Free Markets, Free People

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%.

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