The Daily Three is a daily post of the top economic headlines, chosen by our Investment Committee

The U.S. economy grew at the slowest quarterly pace in two years as nonresidential fixed income fell by the most since 2009.  Bloomberg

The U.S. Federal Reserve announced it was not changing its fed funds rate as labor conditions improve and economic activity appears to have slowed. Reuters 

The Bank of Japan announced it was not changing its monetary policy, resulting in a strengthening of the Yen relative to the U.S. dollar. CNBC