"The economy is slowly improving, but it is definitely a halting recovery where we're not accelerating to any great degree"
- Liam Dalton, president of Axiom Capital Management Inc.
New orders for long-lasting U.S. factory goods rose less than forecast in February, a sign the economic recovery is facing hurdles. Durable goods orders increased 2.2 per cent from January, said the Commerce Department on Wednesday.
"Business spending will remain a key driver of the U.S. economy, not to the same extent as last year, but still a positive force," said Sal Guatieri, a senior economist at BMO Capital Markets in Toronto"No doubt corporate-profit growth will slow this year compared with last."
"The economy is slowly improving, but it is definitely a halting recovery where we're not accelerating to any great degree," said Liam Dalton, president of Axiom Capital Management Inc. in New York.
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