U.S. initial durable goods orders for June (monthly rate) fell short of expectations: 0.3% vs 1.1%

According to Woofun AI, initial U.S. durable goods orders for June came in at a monthly rate of 0.3%, falling short of the expected 1.1% and down from the previous reading of -4.5%. The significantly lower-than-expected figure indicates weak demand, which

According to Woofun AI, initial U.S. durable goods orders for June came in at a monthly rate of 0.3%, falling short of the expected 1.1% and down from the previous reading of -4.5%. The significantly lower-than-expected figure indicates weak demand, which may reinforce expectations that the Federal Reserve will maintain accommodative monetary policy and delay interest rate hikes.