Reflecting a sharp drop in volatile defense orders, the Commerce Department released a report on Thursday showing a modest decrease in U.S. durable goods orders in the month of January.The Commerce Department said durable goods orders edged down by 0.2 percent in January after spiking by an upwardly revised 2.9 percent in December.Economists had expected durable goods orders to slump by 1.5 percen...
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.