Durable Goods Orders Remain Relatively Unchanged in August

New orders for manufactured durable goods in August remained virtually unchanged, decreasing just $100 million to $226.9 billion, according to the latest report from the U.S. Census Bureau.

Fed Holds Rates, Notes ‘Soft’ Business Fixed Investment

The FOMC decided at its most recent meeting to maintain the target range for the fed funds rate at 1/4 to 1/2%. The committee noted household spending has been growing strongly, but business fixed investment remained soft.

WSJ: Fed Not Leaning to Negative Interest Rates

The Wall Street Journal reported that Fed chairwoman Janet Yellen did not mention using negative rates to stimulate the economy at its recent meeting.

Durable Goods Orders Increase 4.4%, End Two Month Slide

New orders for manufactured durable goods in July increased $9.7 billion or 4.4% to $228.9 billion, following two consecutive monthly decreases, according to the U.S. Census Bureau.

Bloomberg: Jobless Claims Data Underscores Health of Labor Market

Bloomberg reported that the number of Americans filing applications for unemployment benefits rose by 3,000 to 269,000 last week.

FOMC: Only Gradual Increases in Fed Funds Rate Expected

At their most recent meeting, Federal Reserve policymakers said they expect economic conditions will evolve in a manner that will warrant only gradual increases in the fed funds rate.

Bloomberg: Brexit Increasing Recession Risk

Bloomberg reports that the British decision to leave the European Union is increasing the risk of economic recession in the UK.

U.S. Small Business Lending Down in May

The May 2016 data release of the Thomson Reuters/PayNet Small Business Lending Index (SBLI) decreased by 1% in May, falling to 128.6 from the 129.5 April reading. It marks the third consecutive month of decrease.

Q1/16 GDP Higher Than Previously Reported

According to the Commerce Department, real gross domestic product increased at an annual rate of 1.1% in Q1/16, up from the previous estimate of 0.8%.

Yellen: Fed Funds Rate Likely to Remain Low ‘For Some Time’

In a speech before the Senate Banking Committee, Federal Reserve head Janet Yellen said the committee expects the fed funds rate to remain below the levels expected for some time because of ‘headwinds.’