Orders for durable goods ticked up slightly, but not by much
A customer shops for washers and dryers at Lowe's in Burbank, Calif. Durable goods encompass a broad swath of the economy and tend to be items consumers forgo in tough times.
Lower bond yields suggest both continued stimulus by the Federal Reserve and an economy that still hasn't really caught fire. Today, there's word that orders for long-lasting expensive items, so-called durables, went up 0.1 percent in August.
Sarah Watt, economist at Wells Fargo, says the news is not spectacular -- especially considering the downward revision to last month's orders.
Sarah Watt, economist at Wells Fargo, joins Marketplace Morning Report host David Brancaccio to discuss. Click on the audio player above to hear more.