- From fxstreet.com|8 hr ago|8 comments
Durable Goods Orders in the US rose 0.2%, or $0.5 billion, to $284.7 billion in August, the US Census Bureau reported on Wednesday. This reading followed the 5.6% decline (revised from 5.2%) recorded in July and came in better than the market expectation for a decrease of 0.5%. "Excluding transportation, new orders increased 0.4%," the press release read. ...
- From think.ing.com|6 hr ago|6 comments
We’ve written a lot about the headwinds facing the US economy as we enter the fourth quarter. The exhaustion of pandemic era accrued savings for many households is likely to be a very important theme, as will the ongoing tightening of lending conditions amidst 20+ year high borrowing costs. Then there are higher energy costs that are eating into spending ...