FINANCIAL NEWS HIGHLIGHTS OF THE WEEK It was a relatively light week on economic data. The merchandise trade deficit narrowed in November, suggesting some upside risk to real GDP growth in the fourth quarter. Still, activity in the manufacturing sector continues to come in on the weak
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK The House’s impeachment of President Trump did little to detract from broader economic optimism. U.S. equity markets reached new highs this week. Housing and consumer spending data released this week confirmed the narrative of resilient U.S. house
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK The U.S. and China reached a partial trade deal. The U.S. will reduce tariffs from 15% to 7.5% on $120 billion of Chinese imports and cancel the tariffs that were to be imposed on December 15th. In exchange, China will increase its imports of U.S.
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK A Trade tensions reemerged this week. President Trump suggested that the U.S.-China deal could wait until after the election, announced steel and aluminum tariffs on Brazil and Argentina, and threatened to impose tariffs on France. International t
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK A quiet, holiday-shortened week featured data that painted a picture of an economy that has slowed, but not stalled. Revisions to Q2 GDP did little to change the picture of the economy. Durable goods orders were a bright spot, but the Fed’s manufa