US durable goods orders rose 1.4% in February, driven by transportation equipment and machinery orders, signaling potential manufacturing recovery.
US durable goods orders rose by 1.4% in February, breaking a three-month decline, driven by increases in transportation equipment and machinery orders. This indicates that firms are somewhat optimistic about the economy. The rise in durable goods orders suggests that manufacturing could be regaining its footing after struggling in the aftermath of the Federal Reserve's interest rate hikes.
March 26, 2024
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