New orders for manufactured durable goods decreased $18.6 billion or 6.6% in June to $264.5 billion, the U.S. Census Bureau said in its most recent advance report. The increase followed a 0.1% May increase. Excluding transportation, new orders increased 0.5%. Excluding defense, new orders decreased 7%. Transportation equipment drove the decrease, $19.6 billion or 20.5% to $75.8 billion.
Survey: U.S. consumers have concerns about lowering debit card interchange fees
Most U.S. consumers with an opinion on debit card interchange fees agree the fees are necessary for fraud prevention efforts, according to a new survey by Morning Consult and the Bank Policy Institute.