No. 827: July New Orders for Durable Goods, New- and Existing-Home Sales, FOMC
Federal Reserve Spokespeople Renew Their Rate-Hike Hype,
Yet Economic Activity Remains far from Recovery
Durable Goods Orders Turned Negative Year-to-Year, Both
Before and After Adjustment for Inflation and Commercial Aircraft
Mixed Signals from Headline Home-Sales Activity, with
Existing-Homes in Faltering Monthly and Annual Contractions and
Unstable New-Homes Gaining Beyond Credibility
However Measured, Both New- and Existing-Home Sales Activity
Remained in Broad, Non-Recovering Stagnation