Economic Report Summary – Week Ending 1-31-14

The 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 [...]