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Buying conditions for durables dropped 18 percent due to higher interest rates, Sam Ro notes

Buying conditions for durables dropped 18 percent due to higher interest rates, Sam Ro notes
Durables buying drives conditions index fall

This month’s decline in the Current Conditions subindex was attributed entirely to a steep drop in buying conditions for durable goods, which fell by 18 percent amid higher interest rates and increased concerns about affordability.

Sam Ro added that purchasing power continues to be a dominant factor for consumers.

Sam Ro recently reported that stocks have historically risen even during periods of high inflation, according to JPM. In a separate event, he commented on food offerings at industry gatherings, noting there is no such thing as a fresh mini bagel at financial firm events. These observations add context to Ro’s ongoing coverage of consumer and market sentiment.

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