Tag: durable goods orders

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Jobless Claims PLUNGE as US Economy Sizzles with 3.8% Growth

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Forget Recession Fears: Jobless Claims Hit Surprise Low as US GDP SURGES to 3.8%—What Does the Fed Do Now?

the staff of the Ridgewood blog

Ridgewood NJ, the narrative of an imminent economic slowdown just took a major hit. Fresh economic data released this week shows the US economy is not just holding steady—it’s gaining momentum, shattering expectations for the labor market and forcing a fresh look at the Federal Reserve’s (Fed) recent policy decision.

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Durable Goods Orders Continue to Rise at a “Surprisingly” Healthy Clip

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the staff of the Ridgewood blog

Washington DC, durable goods orders continued to rise . In May thanks to strong demand for transportation equipment and nondefense aircraft durable goods orders, including appliances, computers, cars and other manufactured goods, rose 1.7% in May from the month prior to a seasonally adjusted $288.2 billion, the Commerce Department said Tuesday.

Continue reading Durable Goods Orders Continue to Rise at a “Surprisingly” Healthy Clip