Swiss wealth big UBS has predicted that the U.S. Federal Reserve might decrease rates of interest 3 times in 2020 — a forecast that differs broadly from many different projections calling for no change or only one charge minimize this 12 months. Arend Kapteyn, international head of financial analysis at UBS, mentioned on Tuesday […]
Tag: Trade
Here’s what’s in the phase one China trade deal Trump is signing this week
U.S. President Donald Trump (R) and Chinese Vice Premier Liu He talk to reporters in the Oval Office at the White House April 04, 2019 in Washington, DC. Chip Somodevilla | Getty Images U.S. and China trade representatives will end years of intense bilateral negotiations with a “phase one” deal on Wednesday that promises billions […]
The big recession scare is over
The fourth-quarter growth scare is a thing of the past, as the U.S. economy looks set to close the books on 2019 with a solid rise. Manufacturing and trade reports Tuesday confirmed that GDP is on pace to rise more than 2% for the period. An Atlanta Fed gauge estimates the gain at 2.3%, better […]
US trade deficit at $43.09B in November, vs $43.6B estimate
The U.S. trade deficit fell more than expected in November ahead of negotiations with China that cooled the simmering tariff battle between the two sides. The shortfall in goods and services declined to $43.09 billion for the month, below the $43.6 estimate from economists surveyed by Dow Jones. That represented the lowest deficit since October […]