CD Media
Markets

You Won’t See This On Corrupt Media – Trade Balance Shrinking Under Trump

You Won't See This On Corrupt Media - Trade Balance Shrinking Under Trump
China Shipping trailer, Memphis, Tennessee
Image by Thomas R Machnitzki

The U.S. trade deficit is shrinking thanks to President Trump’s trade policies. The number is the smallest trade deficit since POTUS was elected in 2016.

The USD Goods Trade Balance (Nov) printed at -$63.19B vs -$68.75B consensus estimate.

In other economic news, Wholesale Inventories (Nov) PREL printed at 0.0 vs -0.3 estimate.

The Chicago Purchasing Managers’ Index (Dec) printed at 48.9 vs 48.0 estimate.

Pending Home Sales (YoY) (Nov) beat estimates at 7.4% vs 5.8% estimate.

Pending Home Sales (MoM) (Nov) printed at 1.2% vs 1.1% estimate.

Dallas Fed Manufacturing Index (Dec) missed, coming in at -3.2 vs estimate of 1.5.

Related posts

A Drinking Man’s Guide To Monetary Policy

CD Media Staff

The Fed’s Move To Redefine The Money Supply Is An Ominous Sign

CD Media Staff

Markets Pause As Trump Tariff Threat Looms, Economy Slows

CD Media Staff

1 comment

You Won’t See This On Corrupt Media – Trade Balance Shrinking Under Trump December 31, 2019 at 12:46 am

[…] piece originally appeared on CD Media and is used by […]

Reply

Leave a Comment

Subscribe to our evening newsletter to stay informed during these challenging times!!

Clicky