Initial Claims Top Estimates, Durable Goods Plunge

Initial claims came in at 493,000, exceeding the consensus of 450,000, and up from a revised 461,000 last week. Durable goods orders, meanwhile, shrank by 4.5% in August, more than the mean estimate of -1.3%, and down from last month’s revised figure of 0.8%. 

Graph courtesy Briefing.com

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