Durable Goods Orders Report in February 2025

Durable goods orders in February exceeded expectations, with a 0.9% increase to $289.3 billion. Key categories like auto orders and computer orders saw significant growth, while core capital goods orders experienced a slight decline. Overall, business investment remains strong despite economic uncertainties.

Biden's Stumbling Economy and Latest GDP Report

The latest GDP report reveals a weaker economy than previously thought, with declines in business investment and consumer income growth. Business investment is crucial for long-term productivity and wage growth. Consumer spending remains a bright spot but may be unsustainable. Housing market showing signs of strain. Inflation on the rise. Government spending surged, raising concerns about reliance on defense spending for economic growth.

U.S. Economy in 2024

The U.S. economy closed out 2024 with steady growth driven by consumer spending, despite challenges in business investment and global trade. Rising consumer confidence post-election and stable labor market were key factors. Housing market showed signs of revival, but business investment slowed. Inflation remained a challenge. Uncertainty over trade policy and government spending could shape growth in 2025.

U.S. Economy Growth in Second Quarter

The U.S. economy grew at a faster pace of 3% in the second quarter, up from the initial estimate of 2.8%, driven by increased consumer spending.