Durable Goods Orders Rebound Bigly In August

Amid all kinds of front-running and subsequent hangover swings in durable goods orders surrounding the tariffs, preliminary data for August shows a major rebound (+2.9% MoM), far better than the 0.3% MoM decline that analysts expected…

Source: Bloomberg

That big MoM jump lifted orders up 5.4% YoY.

Ex-Transports, Core Orders rose for the 5th straight month (+0.39% MoM), up 3.6% YoY…

Source: Bloomberg

More ‘good’ news to ease Fed anxiety?