Summary
WASHINGTON A deep drop in orders for big-ticket manufactured goods provided fresh evidence Wednesday that the economy slowed last month as energy prices rose.
At least for now, the new "soft patch" is being viewed as temporary and not the start of something more serious like a recession. But analysts warned that if anything unexpected, such as a further surge in energy costs, could spell trouble for an economy already facing rising interest rates.See the full content of this document
Extract
Economy Pauses As Durable Goods Orders Plunge
The Commerce Department reported that orders for durable goods plunged 2.8 percent in Ma...
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