Very concerning. Two products eliminated. Commodity prices rising. Business planning “is at a standstill.” That’s what a few American manufacturers said they’re facing as the Trump administration weighs tariffs on imported metals and Chinese products, creating uncertainty for companies that by most other accounts are going gangbusters.
May 1, 2018Economy News Updates
US Factory Managers Concerned About Effects of Trump’s Tariffs
Trump’s China Tariffs Risk Costing US Jobs, New Study Shows
President Donald Trump said his trade actions may cause “a little pain” in the short term, and a new study shows U.S. agricultural workers could be hurt the most.
May 1, 2018US Economy Hits Milestone as Fed Tries to Keep Growth Rolling
With the calendar’s turn from April to May, the U.S. economic expansion has become the nation’s second-longest on record.
May 1, 2018US Pending °®¶ą´«Ă˝ Sales Increase Less Than Forecast in March
A gauge of signed contracts to purchase previously owned U.S. homes rose less than forecast in March, and the prior month’s reading was revised down, indicating a lack of inventory is restraining the market, according to data released April 30 from the National Association of Realtors in Washington.
April 30, 2018March Consumer Spending Picks Up; Inflation Hits Fed Goal
U.S. consumer spending picked up in March while the Federal Reserve’s preferred inflation gauge hit the central bank’s 2% target for the first time in a year, reinforcing the outlook for further interest-rate hikes.
April 30, 2018US Growth Cools to 2.3% While Compensation Costs Accelerate
U.S. economic growth cooled last quarter as consumers pulled back after outsize spending in the prior period, though solid business investment cushioned some of the weakness and employee-compensation costs accelerated amid a tight job market.
April 27, 2018Private-Sector Wages Lodge Biggest Gain Since 2008
U.S. employment costs increased more than forecast in the first quarter as worker pay and benefits accelerated, according to Labor Department data released April 27.
April 27, 2018Consumer Sentiment Exceeds Forecast on View of Finances
U.S. consumer sentiment exceeded estimates in April on Americans’ increasingly favorable views of their finances, University of Michigan survey data showed April 27.
April 27, 2018NAFTA Nations to Meet Again; Mexico Says Deal Possible in Days
The United States and its NAFTA partners are stepping up efforts to reach a tentative deal in the coming days — with one Mexican minister saying a pact is “reasonably close” while the United States prepares for talks with China.
April 27, 2018Orders for Capital Equipment in March Ease Unexpectedly
Orders placed with U.S. factories for business equipment eased unexpectedly last month after a smaller February advance, indicating a more moderate pace of capital spending, a Commerce Department report showed April 26
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