Durables up, core PCE unchanged, spending muted - What does it all mean for the Fed?

Discussion in 'Market News' started by ForexLive, Nov 25, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    A mixed bag for Fed watchers A decent read from durables, a softer core PCE and a lacklustre consumer gives the Fed a few differing views Staring with durables It was a fairly good report. What's wrong with it though? We know that we had a pick up in manufacturing in October, and that it looks like that's being washed out in November, going by manufacturing data so far this month. It still means that the start of Q4 was good but we'll have to see what happens in the Nov durables report. For the Fed that may not matter as we'll be through the Dec FOMC before we see that data. The revisions via the factory orders report comes on the 3rd Dec, so they'll be important, especially with Yellen speaking that day too

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