U.S. Economic News

April 7, 2021

U.S. Economic Indicators

The U.S. trade deficit widened from $67.8 billion (revised) in January to $71.1 billion in February. The goods deficit increased by $2.8 billion, while the services surplus decreased by $0.5 billion. Census Bureau Report

U.S. News

Bloomberg reports that a recent poll from the New York Fed found that consumers are expected to spend less than 25% of their latest stimulus checks, instead using the majority of funds to pay down debt and add to savings. In comparison, consumers spent 29% and 26% of their first and second stimulus checks, respectively, highlighting the divergent needs of households over the course of the pandemic. Bloomberg