U.S. Economic News

November 14, 2018

U.S. Economic Indicators

Consumer prices rose 0.3% in October (up 2.5% on the year).  The “core” CPI, which excludes food and energy, increased 0.2% in October and is up 2.1% on the year.  BLS Report

U.S. News

The Financial Times reports that the Trump administration has temporarily delayed a decision to impose tariffs on imported automobiles. Administration officials reportedly argued against the new tariffs because of the potential for both devastating economic consequences and the loss of key allies in the larger trade conflict with China. FT

According to the Wall Street Journal, Germany’s economy contracted for the first time since 2013 in the third quarter, potentially signaling a broader slowdown for the European and global economies. Growth slowed in Germany and other EU countries that rely heavily on exports, a sign that the U.S.’s confrontational trade policy is likely having adverse effects on global markets. WSJ

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