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Wednesday, June 24, 2009
Durable Goods numbers better than expected
A surprise jump in durable goods orders is giving stock futures a boost before the Federal Reserve's decision on interest rates. The strong durable goods report comes ahead of the Fed's rate decision and assessment of the economy, as well as government data on new home sales. The Fed is widely expected to leave its key rate unchanged at a range of zero to 0.25 percent. The central bank's outlook for the economy, however, is less clear. Gauges of the economy have been improving, but they have not yet pointed to actual growth....
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