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US durable goods orders preview
The Commerce Department releases its March report on durable goods orders Friday at 8:30 a.m. Eastern. ORDERS UP: The expectation is that orders increased 0.8 percent last month, according to a survey of private economists by data firm FactSet. SOFT PATCH: In February, orders to U.S. factories for long-lasting manufactured goods fell 1.4 percent, adding to a stream of disappointing data for the first quarter that suggests the economy hit a soft patch. Private economists believe the overall increase they expect for March will overstate the strength of the rebound because they believe much of the gain will come in the ... (full story)
