Amid all kinds of front-running and subsequent hangover swings in durable goods orders surrounding the tariffs, preliminary data for August shows a major rebound (+2.9% MoM), far better than the 0.3% MoM decline that analysts expected…
Source: Bloomberg
That big MoM jump lifted orders up 5.4% YoY.
Ex-Transports, Core Orders rose for the 5th straight month (+0.39% MoM), up 3.6% YoY…
Source: Bloomberg
More ‘good’ news to ease Fed anxiety?
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