U.S. Economic News

February 19, 2019

U.S. Economic Indicators

The NAHB Housing Market Index rose 4.0 points to 62.0 in February. All major components of the index posted gains for the second consecutive month, aided by lower interest rates, low unemployment, and rising consumer confidence. NAHB 

U.S. News

The Wall Street Journal reports that the Trump administration is racing to strike trade deals across the world, as trade negotiations with China resume this week and the administration pushes to pass the USMCA deal. President Trump’s ambitious agenda, which envisions remaking commercial ties across Asia, Europe, and North America, will cover about 40% of the global economy. WSJ

Paul Kiernan of the Wall Street Journal reports that Federal Reserve Bank of Cleveland President Loretta Mester said she expects interest rates to rise slightly this year if the U.S. economy meets her expectation of solid performance. Mester, who is not a voting member of the Federal Open Market Committee this year, believes U.S. economic fundamentals remain sound and expects healthy growth in 2019. WSJ

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