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Durable Goods: Not Strong, But Not So Weak
December durable goods fall unexpectedly, dropping 4.3% (Consensus: +1.7%; Decision Economics: +2.0%), from a November level revised down by 0.8%. Even apart from normally volatile sectors, the tone is soft, but not disastrously so, and will not change minds at the Fed.[private]US_14-0128_E1[/private]