New orders of manufactured goods increased $8.4 billion, or 1.4%, from the prior month to $612 billion in August, the Commerce Department said. Shipments of manufactured goods decreased $800 million, or 0.1%, to $607.7 billion, while inventories were virtually unchanged at $948.8 billion.
ABA DataBank: July CPI edges down to 3.4%
The ABA Office of the Chief Economist believes that this month’s inflation reading marks continued normalization in price growth, but overall inflation remains above the Federal Reserve’s target.










