Preliminary data for October shows that headline US durable goods orders fell 0.8% MoM (slightly better than the -1.0% MoM expected), leaving orders down 2.9% YoY...

Core orders (ex-Transportation) rose 0-.4% MoM (-0.1% exp)

Orders placed with US factories for business equipment declined in preliminary October data and the prior month’s gain was revised lower, suggesting firms are more guarded about investment.

However, for the 6th month in the last seven, durable goods orders were revised lower (August revised from 0.0% MoM to -0.8% MoM!)...

How is The Fed - or anyone - supposed to make 'decisions' when the data is revised so aggressively and consistently?

...more fake economic data.
{ai:summary}In October, US durable goods orders decreased by 0.8% month-over-month, slightly better than the expected decline of 1.0%. Year-over-year, orders are down 2.9%, with core orders (excluding transportation) rising by 0.4%, despite a decline in business equipment orders.Frequent downward revisions in durable goods data raise concerns about the reliability of economic indicators, complicating decision-making for the Federal Reserve and other stakeholders. #economy

US Durable Goods Orders Revised Lower... Again!

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