Weak Feb business spending data points to Q1 slowdown
Softer growth could prompt Fed to delay rate hike until later in the year
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Washington
US business investment spending plans fell for a sixth straight month in February, likely to have been weighed down by a strong dollar and weak global demand, which could lead economists to further lower their first-quarter growth estimates.
The Commerce Department's durable goods report on Wednesday was the latest data to suggest that economic growth braked sharply early in the year, in part due to bad weather and a now-settled labour dispute at the country's busy West Coast ports.
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
