US Core Capital Goods Orders Rise by Most in Nearly Six Years

• US Durable Goods Orders rose 0.8% M/M, with non-defense ex-air capital goods orders jumping 3.3% M/M, indicating strong business equipment demand.
• US March Retail Inventories increased 0.7% M/M, exceeding the estimated 0.1% rise, suggesting healthy consumer demand.
• US March Housing Starts surged 10.8% M/M, though Building Permits declined by the same percentage, presenting a mixed picture for the housing sector.

Michael McKee discusses a series of US economic data releases for March, highlighting significant strength in durable goods orders, retail inventories, and housing starts. While some figures like building permits and the trade deficit showed mixed results, the overall report suggests a robust economy, potentially influencing future Federal Reserve policy decisions.