US: Factory orders expected to fall 1.3% in January - Rabobank

In the US, factory orders are expected to fall 1.3% y/y in January down from 1.7% in December, suggests the research team at Rabobank.

Key Quotes

“Final durable goods orders should be in line with the initial estimate of -3.7% y/y. We will hear from Fed’s Dudley and Brainard. Comments from Brainard could prove particularly interesting given that she has been focused recently on a weaker US dollar. It remains to be seen whether she also shares Fed Chairman Powell’s optimism that “some of the headwinds the US economy faced in previous years have turned into tailwinds.”