U.S. Economic News

November 27, 2018

U.S. Economic Indicators

The Conference Board’s Consumer Confidence Index declined from 137.9 in October to 135.7 in November.  The decreased was driven by a worsening in the Expectations Index.  Conference Board Report

U.S. News

The Wall Street Journal reports that Fed vice chairman Richard Clarida says that a recent spurt of productivity growth could explain why inflation remains relatively contained despite the hot economy. Clarida also noted that the sharp deceleration in business fixed investment in the third quarter will need to be reversed if the recent pickup in labor productivity growth is to be sustained. WSJ

According to the Wall Street Journal President Trump expects to move ahead with boosting the current tariffs on $200 billion of Chinese imports from 10% to 25%. The President said that it is highly unlikely that he would accept Beijing’s request to refrain from raising tariff rates and that he also planned to impose tariffs on the remaining goods imports from China. WSJ

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