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Livesquawk - Volatile US Durables Data Disappoints As Aircraft Orders Flounder
Volatile US Durables Data Disappoints As Aircraft Orders Flounder
Economist's View

Jennifer Lee, senior economist at BMO Capital Markets Research said, “As always, this is a difficult (can I say painful?) report to decipher. Let's take a step back and look at it this way. Aside from the monthly wiggles, the ups and downs of each month, pushed and pulled by various factors such as weather, shortages, blocked canals in Egypt, traffic backups at ports along both coasts .... look at the general trend for orders of these big-ticket items. They are rising, with shipments also doing so alongside. The Fed is mindful of this steady pickup in activity and will give it a nod in Wednesday's announcement. But is it strong enough to signal that policy could change soon? No. Not yet."