U.S. business spending on equipment improving

[McFurd]

Reuters - 5/25/2018 - Lucia Mutikani - New orders for key U.S.-made capital goods increased more than expected in April and shipments rebounded, pointing to a moderate pickup in business spending on equipment after slowing down at the end of the first quarter. The report from the Commerce Department on Friday added to data on consumer spending in suggesting momentum in the economy. That bolsters expectations the Federal Reserve will raise interest rates next month. The U.S. central bank increased borrowing costs in March and forecast at least two more rate hikes for this year. Read more @ https://www.reuters.com/article/us-usa- ... SKCN1IQ1OM