Among a series of economic reports released on Wednesday, first-time jobless claims increased for the second consecutive week, with the top line increasing to 778,000 for the week ending Nov. 21, up from 742,000 previously, … READ MORE >
trade deficit
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. … READ MORE >