The first drop in five months for durable goods, but it's a big drop

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Declining durable goods orders overstates weakness

“New orders for durable goods fell 6.6% in June, marking the largest single-month decline since the pandemic struck in early 2020. While the manufacturing environment continues to struggle, this morning’s data overstates the extent of the recent weakness.”

All US data released today

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Domestic product and its decline lead to a weakening of the dollar and an acceleration of the reduction of US interest rates in banks