Durable Goods orders are up 2.2%, greater than the 1% increase expected, and larger than January’s reading of 1.3%. Durable goods are the stuff we buy that should last longer than a year like cars, airplanes, and computers. Because airplanes are in the mix, the data can be skewed somewhat if US Airways places an order for a new fleet.
St. Louis Fed President James Bullard commented yesterday that policymakers aren’t completely set on when to end QEIII, and that it could last into next year if the economic recovery moved off the anticipated track.
