2024-04-24 10:30:41 ET
Summary
- Real Advanced Durable Goods Shipments grew by 0.28% in March, with growth in Real Core Durable Goods Shipments accelerating by 1.05%.
- The report provides further reason for the Fed to postpone any rate cuts.
- The U.S. economy is currently in a "no-landing" scenario, with strong growth and accelerating inflation.
The Census Bureau just published its Monthly Advance Report on Durable Goods Manufacturers' Shipments Inventories and Orders. Released at 8:30 AM, April 24, 2024, this report contains revised estimates of durable goods shipments in the U.S. during the month of March 2024. In this article, we provide in-depth analysis of the just-released data and then discuss their implications for the U.S. economy and financial asset prices.
According to the Census, Real Advanced Durable Goods Shipments (adjusted for inflation) grew by +0.28% representing a -0.49% deceleration from the prior month. Notably, however, growth in Real Core Durables Goods Shipments (excluding Transportation) accelerated by +1.05%....
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Advanced Durable Goods Shipments March 2024: Pushing Fed Further To Sideline