U.S. Economic News
November 8, 2018
U.S. Economic Indicators
Initial jobless claims declined 1,000 to 214,000 last week. The four-week moving average edged down 250 to 213,750. DOL Report
U.S. News
The Financial Times reports that despite U.S. tariffs on nearly $250 billion of Chinese goods, Chinese exports to the U.S. have continued to strengthen in recent months. Analysts say that the combined effects of a weak renminbi, robust U.S. demand, and expectations of higher tariffs in early 2019 have boosted U.S. imports from China in 2018. FT
Nick Timiraos of the Wall Street Journal reports that the Fed is expected to keep interest rates unchanged after their policy meeting concludes today. Thursday’s meeting also marks the first meeting attended by new San Francisco Fed President Mary Daly, who joined the FOMC in October. WSJ