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Durable goods, trade data point to pick-up in Q2 growth
The US central bank has said it expects to start winding down its portfolio "relatively soon"
Add BT as a preferred sourcePublished Thu, Jul 27, 2017 · 09:50 PM
Washington
NEW orders for key US-made capital goods unexpectedly fell in June, but a fifth straight monthly increase in shipments suggested that business spending on equipment supported economic growth in the second quarter.
Expectations that growth accelerated in the second quarter were also bolstered by other data on Thursday showing a sharp narrowing in the goods trade deficit in June and increases in both retail and wholesale inventories.
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