Initial reading of U.S. durable goods orders for June (monthly rate): 0.3%

According to Woofun AI, the preliminary reading for U.S. durable goods orders in June was 0.3%, lower than the expected 1.1% and the previous value of -4.5%. The significantly weaker-than-expected data indicates weak demand, which could dampen expectation

According to Woofun AI, the preliminary reading for U.S. durable goods orders in June was 0.3%, lower than the expected 1.1% and the previous value of -4.5%. The significantly weaker-than-expected data indicates weak demand, which could dampen expectations of interest rate cuts by the Federal Reserve and exert potential pressure on liquidity.