The US Census Bureau’s September advance report highlights a slight downturn in the durable goods manufacturing sector.
New orders for manufactured durable goods declined by $2.2 billion, or 0.8%, to a total of $284.8 billion in September. This marks the third decrease in the past four months, following a similar 0.8% drop in August.
However, transportation is excluded, new orders actually rose by 0.4%. In contrast, excluding defense showed a 1.1% decrease. The primary driver behind September’s decline was a reduction in transportation equipment orders, which fell by $3.1 billion, or 3.1%, to $95.4 billion, continuing a trend seen in three of the last four months.
Data Source: US Census Bureau
Ceasefire Pause Eases Oil and Inflation Fears (27 – 31 July)Global markets began the week on a more positive footing after a pause in US and Iranian military operations reduced immediate concerns over energy supplies and inflation. The United States quietly suspended its nearly two-week strike campaign against Iran late Friday, while Tehran halted retaliatory operations and entered discussions with Oman regarding the Strait of Hormuz. The developments pushed oil prices sharply lower, supporting precious metals and government bonds after weeks of pressure from rising energy costs.
Detail Fed in Focus Amid Easing Tensions (07.27.2026)Global markets began the week on a firmer footing as a pause in U.S.–Iran hostilities eased concerns over energy supplies and inflation.
Higher oil prices lifted inflation expectations, pushing the probability of a September Fed rate hike to 78%.
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