Current: US GDP and durable goods orders

US GDP (4th quarter, 2nd release) turned out as expected at +2.1% (1st release was +2.1%; previous quarter was +2.1%).

At -0.2%, US Durable Goods Orders (January) were less poor than expected (forecast was -1.5%; previous month was +2.4%, but now revised upwards to +2.9%).

In the less volatile and therefore more watched core rate (excluding Transportation and Defense), orders are at +0.9% (forecast was +0.2%; previous month was -0.1%, now revised to % after).

Excluding Defence, orders stand at +1.1% (previous month was -0.5%)

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