The trade deficit widened from $34.56 billion to $38.70 billion in December 2013. The Market Services PMI rose 1.0 point to a level of 56.7 in January. The Market Manufacturing PMI fell to a three-month low in January, registering at a level of 53.7. The ISM Manufacturing PMI fell 5.7 points to a level of 51.3 in January, missing forecasts of modest dip to 56.0.
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 [...]