FxWirePro: Daily Commodity Tracker - 21st March, 2022 
A very strong and better than consensus print for durable goods orders (headline 2.0% vs est. -0.4%) was consistent with the robust capex expectations for Q3 (of ~8%).
That added another point in the run of solid data from the US recently, but the reaction was tempered by comments from the Fed's Dudley, who said the case for a Sept rate hike is "less compelling" after the recent market volatility. He even suggested that the upcoming labour report would be stale in that context given that the survey period for the report was before the big market moves.
"Our economists are now reconsidering their call for a Sept hike, leaning toward October instead", says RBC Capital Markets.
Tonight, the data highlight is the second print of Q2 GDP. This would not typically get much attention, but in this case recent activity reports suggest a very large upward adjustment from 2.3%q/q to at least 3% (cons: 3.2%)
