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US factory orders for the month of August 0.1% versus 0.1% estimate

Prior month factory orders 0.8% down from 0.9% previously Factory orders: +0.1% vs +0.1% expected. Prior +0.9% revised to 0.8%. Factory orders excluding transportation: +0.3%. Prior +0.7%. Durable goods orders: revised to −0.1% from 0.0% initially reported. Durable goods excluding transportation: revised to +0.2% from +0.3%. Durable goods excluding defense: revised to 0.0% from +0.1%. Nondefense…

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NEC Director Kevin Hassett: US jobs report says the US consumer is very strong

White House NEC Director Kevin Hassett discussed the US jobs report and the administration’s economic outlook on Bloomberg TV: The jobs report was broadly in line with expectations, and the data point to a very strong consumer. He expects a strong holiday shopping season. The administration respects the Federal Reserve’s independence. He attributes higher bond yields to the strength of the…

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