US Inflation and What To Do About It Message Board

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Strategies & Market Trends : US Inflation and What To Do About It

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From: RetiredNow	3/19/2019 2:31:51 PM
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If everything in the economy is so rosy...what's happening here? ------ Core US Factory Orders Tumble For 3rd Straight MonthHaving declined for two straight months, core factory orders were expected to rebound in (shutdown-delayed) January data, but it disappointed notably, dropping 0.2% MoM. This is the longest streak of weakness in US core factory orders since Feb 2016... *Is there something magical about the $420 billion level of core factory orders?* Year-over-year growth in core factory orders was just 1.8% - the weakest since Trump's election in Nov 2016. Headline factory orders also disappointed, rising only 0.1% MoM (less than the 0.3% rise expected). Final data for durable goods largely remained the same from its preliminary prints, except core durable goods orders which dropped 0.2% (vs an initial 0.1% decline). Finally, we note that 'hope' has recently rebounded in the 'soft' survey data but 'hard' data continues to languish...

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