Trade Deficit Narrows to Smallest Since 2016 on Soybean Exports
The U.S. trade deficit narrowed in May to its smallest since October 2016 on a jump in exports of soybeans and aircraft amid the threat of retaliatory tariffs.
July 6, 2018US Growth ‘Close to a Peak’ as Trade Spat, Housing Pose Risks
The U.S. economy is booming this quarter as tax cuts power consumers and businesses. Yet risks are mounting that the high will be short-lived.
Bernanke Says US Economy Faces ‘Wile E. Coyote’ Moment in 2020
U.S. economic growth could face a challenging slowdown as the Trump Administration’s powerful fiscal stimulus fades after two years, according to former Federal Reserve Chairman Ben Bernanke.
Capital-Equipment Orders Rise in Sign of Resilient Demand
Orders placed with U.S. factories for business equipment rebounded in April even as the prior month’s figure was revised downward, indicating resilient demand at the start of the second quarter, Commerce Department figures showed May 25.
Many Americans Missing Solid Job Market’s Bounty, Fed Poll Shows
Many U.S. households remain in a precarious financial position despite unemployment falling to the lowest level in years, a new Federal Reserve survey shows.
Consumer Comfort Index Declines for Fourth Straight Week
Americans’ sentiment fell for a fourth straight week as still-rising gasoline prices drove a measure of the buying climate down by the most in eight months, the Bloomberg Consumer Comfort Index showed May 17.
Trump’s China Tariffs Will Pinch US Consumers, Retailers Warn
Americans will pay more for everything from big-screen TVs to school supplies if the Trump administration follows through on threats to slap tariffs on Chinese imports, U.S. retailers warned.
Factory Production Shows Broad-Based Gain Outside Autos
U.S. factory production regained its footing in April to push capacity utilization to the highest since 2015, indicating the industry will support economic growth this quarter, Federal Reserve data showed Mahy 16.
Retail Sales Gain Points to Healthier Second Quarter
U.S. retail sales rose in broad fashion last month as bigger after-tax paychecks helped compensate for rising fuel costs, signaling consumer demand was off to a firm start this quarter.
US Posts Record Monthly Budget Surplus as Economy Picks Up
The United States posted its largest monthly budget surplus on record in April, which the Congressional Budget Office said reflected stronger economic activity over the past year.