Reply To: Traders Market Weekly: Bull or Bear Trap Ahead of the Fed?

#46538
Truman
Participant

September durable goods orders increased 0.4% month-over-month (consensus +0.6%). Excluding transportation, durable goods orders declined 0.5% (Briefing.com consensus +0.2%).

The key takeaway from the report is that it revealed some softening in business spending, which was evident in the 0.7% decline in nondefense capital goods orders excluding aircraft.