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US Trade Deficit Shrinks For the First Time in Six Years

US Trade Deficit Shrinks For the First Time in Six Years

The United States trade deficit dilated, last year, for the first time in six years as the overall American economy cooled, countered by soaring domestic oil production and President Trump’s aggressive trade war (mostly... 
New Order in the world economy topic of EBC’s Lagarde speech

New Order in the world economy topic of EBC’s Lagarde speech

Christine Lagarde, who is the President of the European Central Bank (ECB), located in Frankfurt, Germany, called for a new policy mixture for Europe. In her debut speech today at the European Banking Conference in Frankfurt,... 
Fed Reserve rate cut expected this week. Will it be the last for this year?

Fed Reserve rate cut expected this week. Will it be the last for this year?

A third interest rate cut is expected to be announced after officials of the Federal Reserve Bank’s (FRB) meetings through Wednesday of this week. But will this rate cut be the last to be made by the US central bank for 2019?  Interest... 
US-China Trade War Drags Oil Prices

US-China Trade War Drags Oil Prices

Oil futures took quite a dip on Friday, dragging prices down at least 1 percent after China announced a plan to impose new tariffs on $75 billion worth of imports from the United States; this includes a levy on crude oil.  The... 
US Core Retail Sales Up; Will Fed Cut Interest Rates?

US Core Retail Sales Up; Will Fed Cut Interest Rates?

It appears that retail sales in the United States saw a bump in June—and more than expected—which points to strong consumer spending (and perhaps more consumer confidence).   This might help to speed up some of... 
Oil Prices Dip As Outlook Improves on Iran Tensions

Oil Prices Dip As Outlook Improves on Iran Tensions

Oil prices took a bit of a dip this week on the hopes of improvement in relations between the United States and Iran.  United States President Donald Trump, along with Secretary of State Mike Pompeo, assure the plan... 
Teens Are Working Fewer Summer Jobs

Teens Are Working Fewer Summer Jobs

The proverbial “summer job” used to be a kind of rite of passage for teenagers in America but it looks like that trend is changing.  Accordingly, fewer and fewer teens are entering the workforce these days, as a...