US core capital goods orders rebound; shipments increase | Metals Mine

  • US core capital goods orders rebound; shipments increase

    From cnbc.com

    New orders for key U.S.-made capital goods rose more than expected in May and shipments increased solidly, suggesting some stabilizing in business spending on equipment after it fell early in the year. The Commerce Department said on Wednesday orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, increased 0.4% last month amid increases in demand for machinery, and computers and electronic products. These so-called core capital goods orders dropped by an unrevised 1.0% in April. Economists polled by Reuters had forecast core capital goods orders edging up 0.1% ... (full story)

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Bakker
Jun 26, 2019 7:36am
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No need to lower rates while business is good.
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NotAtrader
Jun 26, 2019 8:13am
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Quoting sadeghi
{quote} Trade balance was awful. one of reasons is being expensive usd. lowering rate is reasonable.
Lowering rates doesn't make sense. Only trading institutions with big mistakes in the past want rate cut to get out of the mud.
Powell told you yesterday "FED would not be bending for political interests".

Period...
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SurfsUp
Jun 26, 2019 8:25am
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Quoting NotAtrader
Powell told you yesterday "FED would not be bending for political interests".
Agreed it's not needed and hope the Fed can remain neutral. We need a little sanity to counter the chaos.
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SurfsUp
Jun 27, 2019 12:07pm
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Quoting fxsport
{quote} Actually a USD rate cut IS NEEDED in order to combat the tariff's that are being placed.
Which are not fundamental to economy. Trump could elect to remove the tariffs at any time and then what? It almost feels like the tariffs are intentionally used to drive actions by Fed and get other political wins. I know the tariffs are starting to impact real economic factors, but I think the US should wait a bit longer. I don't think the US should blindly follow the other economies. The Fed policies over the last decade have led to 10 years of economic growth while those other economies cutting rates have been stagnant.
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sadeghi
Jun 26, 2019 9:18am — Edited
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Quoting NotAtrader
{quote} Lowering rates doesn't make sense. Only trading institutions with big mistakes in the past want rate cut to get out of the mud. Powell told you yesterday "FED would not be bending for political interests". Period...
it's not just about powell, 8members of federal reserve agree with cutting rate. have a look at rate in the others countries, they are lowering their rate, besides, current rate makes increasing measure of debts and decreasing trade balance more and more at future, furthermore, the matter of tariffs can be a more reason. in brief, there are many reasons for it, seems to me lowering rate will be wise in this conditions.
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Ghass1234
Jun 26, 2019 8:06am
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Why The Fuckin Gold Still up ? i never undesrtand this New york market opening . when opened Gold went up for nothing . now it keeps forever to sell it again . Fuckin Manipulation to get a better price for sell
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fxsport
Jun 26, 2019 8:36am
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Quoting NotAtrader
{quote} Lowering rates doesn't make sense. Only trading institutions with big mistakes in the past want rate cut to get out of the mud. Powell told you yesterday "FED would not be bending for political interests". Period...
Really?
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Between now and the December FED meeting (my prediction) is a single USD rate cut.

In the meanwhile expect the commander of tweets to use his 'bully pulpit' to talk the USD down.
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fxsport
Jun 26, 2019 8:41am
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Quoting SurfsUp
{quote} Agreed it's not needed and hope the Fed can remain neutral. We need a little sanity to counter the chaos.
Actually a USD rate cut IS NEEDED in order to combat the tariff's that are being placed. Inflation is no where near the 2% level so why not 'juice' the system?

EU economies are slowing, China is slowing, Canada is slowing so why NOT cut the rate .25 PRO ACTIVELY?
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sadeghi
Jun 26, 2019 7:43am
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Quoting Bakker
No need to lower rates while business is good.
Trade balance was awful. one of reasons is being expensive usd. lowering rate is reasonable.
Reply
asmadi78
Jun 26, 2019 1:33pm
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Whatever u said..LONG USD FOR NOW..Till at the end of this year..
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Ghass1234
Jun 26, 2019 7:54am
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Quoting sadeghi
{quote} Trade balance was awful. one of reasons is being expensive usd. lowering rate is reasonable.
not too much , look at history
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