Business spending is drying up and big-ticket orders are falling off a cliff.
U.S. economy flashes warning signs with crashing orders, falling home prices and health care costs outpacing rent. Capex expectations continued to deteriorate in July per @KansasCityFed Manufacturing Index pic.twitter.com/LlqnUOHx8t — Liz Ann Sonders (@LizAnnSonders) July 25, 2025 Durable goods orders –9.3% in June, after –6.6% in April — the worst monthly drop since 2020. The …