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flag U.S. durable goods orders soared 2.9% in August, defying expectations, driven by transportation equipment and resilient demand.

flag U.S. durable goods orders surged 2.9% in August, far exceeding the expected 0.5% decline, driven by a 7.9% jump in transportation equipment, according to the Commerce Department. flag Excluding transportation, orders rose 0.4%, while core capital goods orders increased 0.6%, defying expectations. flag The rise, partly due to higher prices amid tariffs, signals resilient demand, though shipments dipped 0.3%, suggesting a potential slowdown in spending. flag The data adds to mixed signals about the economy’s health and may influence Federal Reserve policy expectations.

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