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The second-straight increase in core capital goods orders points to stabilization in equipment investment, which has been a drag on GDP in recent quarters.

"First, in my mind, the plain text of the FTC Act clearly gives the agency the authority to promulgate rules addressing unfair methods of competition," FTC Chair Lina Khan said. Not everyone agrees.

Elevated interest rates and a strong dollar force other currencies lower and complicate other central banks' plans to bring down borrowing costs.

Fed officials are increasingly voicing concern that high borrowing costs may not rein in demand, increasing anxiety that the central bank may raise rates further.

Following their release of higher-than-expected quarterly revenue numbers, several big banks are tapping the U.S. investment-grade market this week.

In contrast to recently released economic data, Fed districts report seeing weakness in some areas of consumer spending and smaller profit margins for businesses.