The RSM Brexit Stress Index eased this week, as global equity markets pushed higher on news of a rapprochement among the parties in the U.S.-China trade war and anticipation of an interest rate cut by the Federal Reserve. The composite index—which measures economic stress surrounding Britain’s ... READ MORE >
Joe Bruseuleas
Wholesale gasoline prices point to 8% rise in retail costs in time for summer holidays
U.S. consumers are likely to feel a modest jolt in commuting costs, as wholesale gasoline futures now point to an 8 percent rise in retail gasoline prices in coming days, with risk of a much more pronounced increase to follow. The surge is due to non-market derived pricing action caused by a recent ... READ MORE >
U.S. trade balance narrows, bolstering Q1 ’19 GDP expectations
The U.S. trade deficit narrowed to $49.3 billion in February from $51.1 billion in January, impacted by one-time factors in the aerospace and agriculture industries. The deficit—which represents an eight-month low—boosted our first-quarter GDP estimate by 0.4 percent to 1.9 percent. The trade data in ... READ MORE >