No. 895: May 2017 New Orders for Durable Goods
May 2017 New Orders for Durable Goods Continued the General Pattern of
Weaker-than-Expected Headline Economic Reporting
Despite Downside Revisions to April, May Orders Declined for the Second Month,
Both Before and After Inflation and/or Commercial Aircraft Orders
As Consensus and the Fed Forecasts Shift Towards a Contracting U.S. Economy,
Financial Markets Should Face Increasing Instabilities and Turmoil