📉 U.S. Durable Goods Fall 2.8% in July But Core Orders Show Strength 📈
Aslamu Alaikum dear followers,
Fresh data from America has arrived. U.S. durable goods orders for July fell by 2.8% month-over-month, exactly as expected. This drop shows weakness in big-ticket items like planes, vehicles, and machinery.
But the good side is here: durable goods orders excluding transportation actually rose 1%, much stronger than the previous 0.2%. This means core business spending is still strong, showing companies continue to invest despite challenges.
For the market, this mixed report is interesting. Weak headline number may push the Federal Reserve closer to rate cuts, which is bullish for both stocks and crypto. At the same time, strong core data shows economy is not collapsing, which gives investors more confidence.
For traders and small investors, this can bring new opportunities. Rate cut expectations support Bitcoin, Ethereum, and risk assets, while steady business spending shows long-term growth.
So dear followers, keep watching these signals because they guide the future of market direction. Don’t forget to Follow me, Like and Share for more daily updates.
