While the government layoffs contributed to the increase, new filings for jobless benefits in Washington accounted for only about 2,000 of the 22,000 overall increase. … READ MORE >
capital goods
U.S. economy remained resilient in first quarter amid signs of future softening
The data is not likely to change the Federal Reserve’s course on monetary policy, with the central bank likely to hold rates steady at its May meeting. … READ MORE >
Softer economic data reaffirms prospect of a soft landing
Softer economic data reaffirms we are inching closer to a soft landing
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Surprises in jobless claims and goods trade make up for decline in durable goods orders
Encouraging economic news came from the early release of data on Wednesday: Jobless claims dropped to 199,000 last week, the lowest since 1969, while the advance goods trade deficit narrowed significantly to $82.9 billion in October, led by a sharp rise in exports. … READ MORE >
CHART OF THE DAY: U.S. durable goods orders stall
Orders for long-lasting factory goods decreased for the first time in 10 months in February, according to U.S. Department of Commerce data released on Wednesday. … READ MORE >