Durable Goods Orders
February's Durable Goods Orders report was posted at 8:30 AM ET. The Commerce Department announced a 1.7% increase in new orders for big-ticket products such as airplanes and appliances. This was a little stronger than the 1.3% rise that was expected, but because this data is known to be quite volatile from month to month, the variance didn’t raise any concern. In fact, a secondary reading that excludes more costly and volatile airplane orders came in lighter than forecasted. While this is normally considered a pretty important report, it has not had much of an impact on today’s trading or mortgage pricing.