US Durable Goods NEW ORDERS Fall -4.5% In January As Fed Retreats (Defense Capital Goods New Orders UP 25.4% YoY)

confoundedinterest17 #bubble, #inflation, Economy, Fed, GDP, Gold, Housing, Inflation, Mortgage, Natural Gas, Oil, Pension, Powell, russia, Silver, Treasuries, Treasury, Uncategorized, Wages, Yellen February 27, 2023 1 Minute

The Federal Reserve is retreating from its Covid-era monetary expansion. And with the retreat, US durable goods NEW ORDERS fell -4.5%% in January. The worst reading since … Covid in 2020.

A breakdown of new orders shows that while NONDEFENSE capital goods orders dropped -5.4% YoY in January, DEFENSE capital goods orders increased by 25.4% YoY.