Latest News since Fed Meeting Remarks
Wednesday, July 29, 2015 -
Mark Hemingway - Security Financial Services, LLC -
Weak home and purchase contracts hint at pause in sales activity. $35B 5-yr Note auction garners an "A" rating. Big draw down in oil supplies lifts prices, Stocks. WTI up $1.12 to $49.11/barrel. Fed comments that there will be no change in interest rates and no hint of a rate hike in near future. Conditions will likely warrant low rates for some time. Fed gives no hint at rate hike at next Fed meeting in September. Fed states that labor markets continue to improve and housing improving also. Fed gives no hint at rate hike at next Fed meeting in September.