Consumer Confidence and Durable Goods Orders Drop Amid Economic Uncertainty
- Consumer confidence fell in February due to worries about the job market and inflation
- Home prices keep breaking records despite high mortgage rates due to the "lock-in effect"
- Durable goods orders fell 6.1% in January, primarily due to a drop in transportation equipment
- Capital goods orders fell nearly 20% in January
- Shipments of durable goods have been down for 4 of the past 5 months