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U.S. durable goods orders flat in December
Orders for durable goods were flat in December, the Commerce Department said Thursday. Economists had forecast a 1.5% rise in orders for durable goods — products made to last at least three years. Core capital goods orders, which exclude volatile sectors like transportation and defense, rose 0.3% last month after a 1% rise in November. The figure omits defense and transportation and is a proxy for broader business investment.