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U.S. Durable Goods Numbers Are Down

U.S. durable good sales missed expectations by 3.3 percent today. The numbers were down a surprising 7.3 percent against the expected 4 percent. In the big picture it might give a signal that the economy is not yet strong enough to see the Fed taper down its QE policy, which is expected to slow down in September.

Everyone is going to have their eyes on the nonfarm payroll numbers set to come out next week, for any indication on weather or not the Fed will start scaling back their bond buying, but the recent expectations for those numbers are around 166,000, but economists are hoping to see 200,000 for any real consideration of the tapering to take place.