U.S. Economic News
March 4, 2019
U.S. Economic Indicators
Construction spending declined 0.6% in December to an annualized rate of $1.29 billion. Public construction dropped 0.6% while private construction also fell 0.6%. Census Report
U.S. News
The Wall Street Journal reports that investors are skeptical that the U.S. economy will be able to strengthen after a soft start to the year. The growth outlook has dimmed amid waning manufacturing activity, consumer spending, and business confidence, as well as inflation continuing to undershoot the Fed’s target of 2%. WSJ
According to the Wall Street Journal, the U.S. and China are in the final stage of completing a trade deal following February’s talks in Washington. In the trade deal Beijing would reduce restrictions on American products and step up purchases of U.S. goods, while Washington would remove most sanctions levied against Chinese products. WSJ