New orders for manufactured durable goods increased $7.3 billion or 2.6% in March to $283.4 billion, the U.S. Census Bureau said in its most recent advance report. The increase followed a 0.7% February increase. Excluding transportation, new orders increased 0.2%. Excluding defense, new orders increased 2.3%. Transportation equipment led the increase, $6.8 billion or 7.7% to $95.9 billion.
Fed’s Waller seeking ‘middle lane’ on ‘skinny’ master accounts
Federal Reserve Governor Christopher Waller provided an update on the feedback the Fed received about a proposal to create “skinny” accounts for payment services, acknowledging that banks and financial technology firms want conflicting things from the proposed service.










