WASHINGTON (MarketWatch) - Demand for U.S.-made durable goods increased 3.4% in March, led by orders for aircraft and capital equipment, the Commerce Department reported Wednesday. The increase was slightly higher than the 2.5% gain expected by economists. It was the biggest increase in durable-goods orders since December. Boeing's order book was one big story in the March report. Orders for civilian aircraft zoomed 37.6% higher. The other big story in March: Demand for core capital equipment increased a robust 4.7% after a cumulative 8.5% decline in January and February. It was the biggest gain in this key gauge of business investment since September 2004.
Hopes for a rate cut in May are fading.
The dollar is rising further against the Yen, all the ingredients are in place for DOW 13K. The only fly in the ointment are rising rates.
Hopes for a rate cut in May are fading.
The dollar is rising further against the Yen, all the ingredients are in place for DOW 13K. The only fly in the ointment are rising rates.
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