Meanwhile, Trump said Thursday that the broader 25% tariffs on goods from Canada and Mexico remain set to begin March 4.
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U.S. durable goods orders had a health rise in January after declining in four out of the five previous months.
The survey showed U.S. consumer sentiment continued to decline in February, reporting the highest year-ahead inflation reading since November 2023.
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Learn how aligning rebates strategy with clear goals can prevent costly pricing misalignments within distribution.
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U.S. cutting tool consumption declined in December as economic uncertainties and a stagnating aerospace market shape a slower recovery in 2025.
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Industrial production increased in January, driven by gains in utilities and business equipment despite declines in manufacturing and mining.
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Wholesale prices remained particularly elevated in January, driven by increases in both final demand and core prices.
The Consumer Price Index rose month-to-month and year-over-year, both surpassing expectations with increases in shelter, food and core inflation.
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The new order includes a rule requiring foreign steel and aluminum material to be processed within North America.
However, orders ended the year with strong momentum.
Inventories felll again in December amid strong sales, government data showed.
The report showed a second consecutive monthly decrease, 0.9% in December and 0.8% in November, for new orders.
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