A report released by the Commerce Department on Friday showed new orders for U.S. manufactured durable goods unexpectedly came in nearly flat in the month of August.
The Commerce Department said durable goods orders were virtually unchanged in August following a downwardly revised 0.9 percent increase in July.
Economists had expected durable goods orders to decrease by 0.4 percent compared to the 1.1 percent jump that had been reported for the previous month.
Excluding a pullback in orders for transportation equipment, durable goods orders rose by 0.3 percent in August after climbing by 0.7 percent in July. Ex-transportation orders were expected to grow by 0.5 percent.
At 9:20 am ET, Kansas City Federal Reserve President Jeffrey Schmid is due to speak on “The Federal Reserve, Financial Innovation and Economic Development” in a moderated chat before the Civic Council of Greater Kansas City Meeting.
The University of Michigan is scheduled to release its revised reading on consumer sentiment in the month of September at 10 am ET. The consumer sentiment index for September is expected to be unrevised from the preliminary reading of 47.8, which was down from 51.7 in August.
At 2 pm ET. Cleveland Federal Reserve President Beth Hammack is due to participate in a policy panel before the Inflation: Drivers and Dynamics Conference 2026.