US core capital goods orders rebound; consumer confidence deteriorates amid tariff worries
Written by Black Hot Fire Network on December 23, 2024
By Lucia Mutikani
WASHINGTON (Reuters) -New orders for key U.S.-manufactured capital goods surged in November amid strong demand for machinery, while new home sales rebounded after being weighed down by hurricanes, offering more signs that the economy is on solid footing as the year ends.
But concerns over plans by President-elect Donald Trump's incoming administration to impose or massively raise tariffs on imports could slow momentum next year, with other data on Monday showing consumer confidence slumping in December. Consumers, however, remained . . .
