US reports September durable goods orders - BBH

Research Team at BBH, suggests that the US reports September durable goods orders, but the focus is on tomorrow's first look at Q3 GDP. 

Key Quotes

“Weekly initial jobless claims may get a passing look, but next week is the national report, and a modest slowing of jobs growth is anticipated.  An increase in pending home sales, which would be only the second improvement since April, bodes well for later in Q4 and early Q1 17.  Lastly, the KC Fed manufacturing activity index jumped to 6 in September from -4 in August.  It was the second increase since February 2015.  A pullback but a still positive reading is expected in October.”