Friday, 24 April 2015

Rebound in durable goods orders fails to dispel economy worries in the US

A sharp rebound in orders for long-lasting manufactured products raises expectations of US interest rates rising this year. However, dig a little deeper into the data and signs of lingering weakness in business investment add to the case for any decision on tightening policy to be delayed until later in the year when the health of the economy in the second quarter becomes clearer.