AI Data Insight
The newly released U.S. Q3 non-seasonally adjusted durable goods orders reached $337.719 billion, an increase of 5.13% from the previous value of $321.228 billion. Demand in sub-categories such as core capital goods and machinery and metals remained steady, effectively alleviating market concerns about a manufacturing slowdown. Analysts pointed out that the resilience of corporate investment may lead the Federal Reserve to maintain a cautious stance on the pace of subsequent interest rate cuts.