What to Watch in the Day Ahead - Wednesday, July 29

On the second day of the Federal Open Market Committee meeting, the committee will release a policy statement on its interest rate decision. (1400/1800) The National Association of Realtors is scheduled to release its Pending Home Sales Index for June. The index is likely to show a slight increase of 1.0 percent from its 0.9 raise in May. (1000/1400) The Mortgage Bankers Association releases its seasonally adjusted index of mortgage application activity. (0700/1100)
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