US durable goods orders fall 4.5% in May as transportation sector leads decline

US durable goods orders fell 4.5% in May, with the transportation sector leading the decline. Simultaneously, US factory orders decreased by 1.3%. This downturn in economic data might prompt the Fed to consider rate cuts, potentially boosting risk assets if further weakness persists. These figures, reported by Bloomberg and Crypto Briefing, highlight a significant contraction in industrial orders, signaling potential shifts in monetary policy to counteract the weakening economic indicators observed across the US manufacturing landscape.