U.S. Economic News

April 12, 2018

U.S. Economic Indicators

Initial jobless claims fell 9,000 to 233,000 last week. The four-week moving average rose 1,750 to 230,000.  DOL Report

U.S. News

The Wall Street Journal reports that Federal Reserve officials at their last meeting expressed greater confidence that inflation would accelerate to their 2% target in the coming year. Officials also said that recent tax cuts and increased government spending will cause the economy to “run hot” over the next few years, possibly requiring more rapid rate increases. WSJ

Bob Davis of the Wall Street Journal writes that a new study shows that China’s requirement for foreign firms to partner with domestic firms in order to operate in China is overwhelmingly beneficial to Chinese firms. The authors find that while these requirements may be onerous for foreign firms, the benefits associated with operating in the Chinese market generally outweigh the costs. WSJ