U.S. Economic News
October 11, 2019
U.S. Economic Indicators
The University of Michigan Consumer Sentiment Index rose 2.8 points to 96.0 in the preliminary October reading but is down 2.6 points from October of last year. The Index of Consumer Expectations rose 1.4 points to 84.8 while the Current Economic Conditions Index rose 4.9 points to 113.4. University of Michigan
U.S. News
The Wall Street Journal reports that the Federal Reserve completed new rules this week that will ease liquidity and capital provisions for many large U.S. banks, reducing capital requirements by around 0.6% and liquidity requirements by around 2%. While large domestic banks should experience a reduced regulatory burden due to the new rules, some foreign banks could face heightened regulatory burdens. WSJ
Bloomberg reports that high-level trade negotiations between the U.S. and China this week appear to be going well, as officials and analysts are optimistic about the possibility of a partial interim deal to prevent next week’s scheduled tariff increase. More controversial issues, including U.S. demands that China address IP theft and forced technology transfer, are likely to be left for later discussions. Bloomberg