U.S. capital goods orders drop

11/4/2013 | Reuters

U.S. capital goods orders were down 1.3% in September, a sharper drop than previously estimated during a period in which the government appeared to be headed for an unprecedented default. The decline "implies pretty lackluster growth. This could be further justification for the Fed to stay the course," said Scott Brown, Raymond James' chief economist in St. Petersburg, Fla.

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