U.S. Productivity Revised Down to 0.4% for Q1
“Without stronger productivity, achieving the 3% growth rate President Donald Trump has set as a goal becomes more difficult."
U.S. Retail Sales Increase 0.3% in April
The second straight monthly gain indicates consumer spending is picking up after rising only 1.1% in the first quarter.
U.S. Trade Deficit Falls 15% to $49 Billion
Despite the March decline, the U.S. is still “on track to run another large trade gap in 2018 that exceeds the deficit in the prior year."
Global CFOs Still Bullish on America — So Far
Growing protectionist views in the United States threaten to upset the economic status quo, Zurich finds.
U.S. Economy Slows to 2.3% Growth Rate in Q1
Economists expect the GOP tax cuts to give a boost to GDP in Q2 but the economy may still fall short of President Trump's 3% target this year.
U.S. Core Capital Goods Orders Drop 0.1%
The decline in the proxy for business spending plans "is not a red flag for the economic outlook yet even if the caution light should be left on.”
Small-Business Optimism Falls Despite Tax Cuts
"The big picture remains solid, with small firms as optimistic, and inclined to spend and hire, as [much as] they have ever been," the NFIB says.
Fed’s Key Inflation Gauge Hits 1.6% in February
The core PCE price index posted its biggest gain since April 2017 and appears to be on track to meet the Fed's 2% target.
U.S. Core Capital Goods Orders Jump 1.8%
The February gain in orders was a positive sign for business spending after declines in the previous two months.
Fed Rate Hike Could Be First of Four in 2018
The latest 0.25% increase indicates the Fed's confidence that the GOP tax cuts and government spending will boost the economy and inflation.
U.S. Budget Deficit Grows to $215 Billion
The February shortfall is an early indication of the effects of the GOP tax cuts, with withholding taxes falling 2%.