Daily Market Update 10/27/15

Rates eased Tuesday as weaker than expected economic data boosted mortgage-backed securities.  This morning, September Durable Goods Orders fell 1.2%, below forecast.  Consumer Confidence declined unexpectedly to 97.6 from 103.0.  The Federal Open Market Committee of the Federal Reserve began a two day meeting to discuss monetary policy.  The Fed will release a policy statement tomorrow at 2:00 PM.  Most economists are expecting the Fed to delay a rate increase until at least the December meeting.  No other key data will be released today.

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