VectorVest Economic ReportThe Federal Reserve left interest rates unchanged at 0.25% and also announced another $10 billion cutback in its quantitative easing.

Gross Domestic Product grew by 3.2% annualized in the fourth quarter, coming in-line with expectations.

Durable Goods orders fell 4.3% on a monthly basis in December 2013, failing to meet estimates at 1.8%. Ex-transportation, Durable Goods Orders dropped 1.6% month-over-month in December 2013, falling short of consensus at 0.5%.

The Market Services PMI gained 0.9 points to a level of 56.6 in January, beating estimates of 56.2. The Chicago PMI dropped 1.2 points to a level of 59.6 in January, while consensus pointed to a sharper fall to 59.0.

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