U.S. core capital goods orders record largest drop in eight months
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WASHINGTON (Reuters) - New orders for key U.S.-made capital goods dropped by the most in eight months in December and shipments were weak, suggesting business investment contracted further in the fourth quarter and was a drag on economic growth.Business spending remains one of the weak spots in the economy. Housing, the other laggard, is regaining momentum in response to the Federal Reserve's three interest rate cuts last year. Officials from the U.S. central bank were scheduled to start a..