Daily Three: FOMC Leaves Rates Unchanged, Durable Goods Orders Fall Sharply and Pending Home Sales Edge Higher
- The Federal Reserve Open Market Committee concluded their two day policy meeting leaving the benchmark fed funds rate unchanged at a range between 0.25%-0.50% and upgrading their assessment of economic performance. The Wall Street Journal
- U.S. durable goods orders were met with significant headwinds creating a 4% decline versus an expected 1% decline. Reuters
- Pending home sales rose slightly by 0.2% failing to match expected figures as housing data was seen as improving. CNBC