by EFSD | Feb 28, 2019 | Economic News
The U.S. trade deficit in goods rose 12.8 percent in December, according to an advanced estimate from the Census Bureau.The move comes amid trade hostilities between the U.S. and China, and a White House effort to narrow the gap.Rising trade deficits subtract from...
by EFSD | Feb 27, 2019 | Economic News
Recent remarks by the Chair of the Federal Reserve, an upcoming meeting between the leaders of North Korea and the U.S., and Brexit will be front and center during Wednesday’s session.A slew of companies are expected to publish updates, including Bayer, Safran, Lego,...
by EFSD | Feb 26, 2019 | Economic News
The profit that the Fed makes on the loans and securities it holds fell 37.6 percent in four years, banking analyst Dick Bove said.Bove asserts that the Fed is using a borrow-short lend-long strategy that helped cause the savings and loan crisis. The Federal Reserve...
by EFSD | Feb 25, 2019 | Economic News
President Donald Trump said on Twitter on Sunday that the U.S. will delay an increase in tariffs on Chinese goods that was initially planned for early-March.Asian markets on Monday reacted positively to Trump’s announcement, but several experts pointed out that an...
by EFSD | Feb 24, 2019 | Economic News
Randal Quarles, who supervises banks for the Fed, said the balance sheet reduction program would be re-evaluated if it caused problems.His fellow central bankers said at their last meeting that the roll-off of bonds the Fed is holding probably would end later this...
