{"id":1498514,"date":"2024-10-25T12:39:30","date_gmt":"2024-10-25T16:39:30","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1498514"},"modified":"2024-10-25T12:39:30","modified_gmt":"2024-10-25T16:39:30","slug":"us-durable-goods-orders-revised-lower-again","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/us-durable-goods-orders-revised-lower-again\/1498514\/","title":{"rendered":"US Durable Goods Orders Revised Lower&#8230; Again!"},"content":{"rendered":"<p><span class=\"field field--name-title field--type-string field--label-hidden\">US Durable Goods Orders Revised Lower&#8230; Again!<\/span><\/p>\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p>Preliminary data for October shows that headline US durable goods orders fell 0.8% MoM (slightly better than the -1.0% MoM expected),<strong> leaving orders down 2.9% YoY&#8230;<\/strong><\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfmCF8C_1.jpg?itok=M5w03WLY\"><\/a><\/p>\n<p><em>Source: Bloomberg<\/em><\/p>\n<p>Core orders (ex-Transportation) rose 0-.4% MoM (-0.1% exp)<\/p>\n<p>Orders placed with US factories for business equipment declined in preliminary October data and the prior month\u2019s gain was revised lower, <strong>suggesting firms are more guarded about investment.<\/strong><\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfm87FA.jpg?itok=nH16IT_T\"><\/a><\/p>\n<p><em>Source: Bloomberg<\/em><\/p>\n<p><strong>However, for the 6th month in the last seven, durable goods orders were revised lower<\/strong> (August revised from 0.0% MoM to -0.8% MoM!)&#8230;<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfm428C_0.jpg?itok=NOqRMRxO\"><\/a><\/p>\n<p><em>Source: Bloomberg<\/em><\/p>\n<p>How is The Fed &#8211; or anyone &#8211; supposed to make &#8216;decisions&#8217; when the data is revised so aggressively and consistently?<\/p>\n<\/div>\n<p>      <span class=\"field field--name-uid field--type-entity-reference field--label-hidden\"><a title=\"View user profile.\" href=\"https:\/\/cms.zerohedge.com\/users\/tyler-durden\" class=\"username\">Tyler Durden<\/a><\/span><br \/>\n<span class=\"field field--name-created field--type-created field--label-hidden\">Fri, 10\/25\/2024 &#8211; 08:39<\/span><\/p>\n<p>\u200b<a href=\"https:\/\/www.zerohedge.com\/markets\/us-durable-goods-orders-revised-lower-again\" target=\"_blank\" class=\"\" rel=\"noopener\">https:\/\/www.zerohedge.com\/markets\/us-durable-goods-orders-revised-lower-again<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US Durable Goods Orders Revised Lower&#8230; Again! Preliminary data for October shows that headline US durable goods orders fell 0.8% MoM (slightly better than the&#8230;<\/p>\n","protected":false},"author":0,"featured_media":1498515,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1498514","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1498514","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1498514"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1498514\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1498515"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1498514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1498514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1498514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}