Economic data continues to beat expectations: Morning Brief

Economic data continues to beat expectations: Morning Brief

Wednesday, October 28, 2020

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But economists still warn a slowdown is coming.

U.S. economic data continues to impress.

On Tuesday, durable goods orders for September, and Richmond Federal Reserve data for October, showed the manufacturing sector continues to top expectations.

Durable goods orders rose 1.9% while core orders rose 0.4%. Economists noted the headline figure was flattered by orders in…


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