Daily Market Update 7/27/15

Rates inched lower Monday as concerns about the economic growth rate in China hurt stocks and boosted mortgage-backed securities.  In the U.S., June Durable Goods Orders rose 3.4%, slightly above expectations, but May results were revised lower.  Investors will be paying close attention to this week’s Fed meeting.  While no rate increase is expected, the timing of future increases is likely to be included in the Fed’s policy statement, which will come out on Wednesday at 2:00 PM.  No other key economic data will be released today.

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