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U.S. Durable Goods Orders Unexpectedly Surge 2.9% In August
(RTTNews) - After reporting a sharp pullback by new orders for U.S. manufactured durable goods over the two previous months, the Commerce Department released a report on Thursday unexpectedly showing a significant rebound by durable goods orders in the month of August.
The Commerce Department said durable goods orders surged by 2.9 percent in August after tumbling by a revised 2.7 percent in July.
Economists had expected durable goods orders to decrease by 0.5 percent compared to the 2.8 percent plunge that had been reported for the previous month.
Excluding a spike in orders for transportation equipment, durable goods orders rose by 0.4 percent in August after jumping by 1.0 percent in July. Ex-transportation orders were expected to come in unchanged.
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Fed's Schmid Says Current Policy Stance Only Slightly Restrictive
Kansas City Fed President and CEO Jeffrey Schmid, who supported the latest Federal Reserve rate cut, said on Thursday that the current policy stance was appropriate to strike a balance between maintaining price stability and as an insurance against any substantial weakening in the labor market in the coming months.
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U.S. Existing Home Sales Dip Much Less Than Expected In August
Existing home sales in the U.S. saw a modest pullback in the month of August, according to a report released by the National Association of Realtors on Thursday. NAR said existing home sales dipped by 0.2 percent to an annual rate of 4.00 million in August after jumping by 2.0 percent to an annual rate of 4.01 million in July. Economists had expected existing home sales to slump by 1.3 percent.
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U.S. GDP Surges 3.8% In Q2, Much More Than Previously Estimated
Revised data released by the Commerce Department on Thursday showed the U.S. economy unexpectedly grew by much more than previously estimated in the second quarter of 2025. The report said real gross domestic product spiked by 3.8 percent in the second quarter compared to the previously reported 3.3 percent surge. Economists had expected the pace of GDP growth to be unrevised.
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U.S. Durable Goods Orders Unexpectedly Rebound In August
After reporting a sharp pullback by new orders for U.S. manufactured durable goods over the two previous months, the Commerce Department released a report on Thursday unexpectedly showing a significant rebound by durable goods orders in the month of August. The Commerce Department said durable goods orders shot up by 2.9 percent in August after tumbling by a revised 2.7 percent in July.
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U.S. Weekly Jobless Claims Unexpectedly Decrease To Two-Month Low
A report released by the Labor Department on Thursday unexpectedly showed an extended pullback by first-time claims for U.S. unemployment benefits in the week ended September 20th. The Labor Department said initial jobless claims fell to 218,000, a decrease of 14,000 from the previous week's revised level of 232,000. Economists had expected jobless claims to inch up to 235,000.
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U.S. GDP Surges Much More Than Previously Estimated In Q2
Revised data released by the Commerce Department on Thursday showed the U.S. economy unexpectedly grew by much more than previously estimated in the second quarter of 2025.
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U.S. Weekly Jobless Claims Unexpectedly Decrease
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits unexpectedly declined in the week ended September 20th.
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U.S. Mortgage Applications Growth Slows
U.S. mortgage applications grew at a modest pace in the week ended September 19 following a surge in the previous week, survey data from the Mortgage Bankers Association showed on Wednesday.
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