Housing looks soft, although pending home sales are better than expected. The value of the dollar and the weakness of the economies of Europe and Asia are hurting durable goods orders although analysts are expecting gains. Manufacturing has failed to meet expectations, and is a contributing factor to the Fed postponing raising rates until much later in the year.
More analysis of this week’s news by Econoday’s Senior Economist Mark Rogers:
Econoday reports, available on TradingScreen’s award-winning TradeSmart EMS, provide alerts on upcoming economic announcements, and jargon-free analysis of their potential market impact. Mark Rogers, Senior Economist for U.S. markets, has over 19 years of experience with the Federal Reserve Bank of Atlanta as an economist and forecaster for national and regional economies.